IT's worth to to be selective.

1)Researched crime data, median household incomes, population growth, school rankings, etc. 2)Inspection of both units/verified the age of HVAC systems3)Appraisal 4)Obtained a signed copy of the current lease for the tenant that I’m inheriting 5)Obtained a copy of the cleared rent check, verifying the amount they’re paying6)Received an estoppel signed by the tenant and landlord, detailing the terms of the lease/rent amount7)Received State of Connecticut, Dept. of Consumer Protection Residential Property Condition Disclosure Report8)Verified property tax with the town9)Checked civil court/housing court records for any cases involving the current landlords/tenants and checked for any cases linked to the property address itself10)Obtained the water bill for better estimates of utility payments 11)Purchased insurance (HO-5) and added $1M liability coverage12)Had contractors come to the property to give renovation/repair estimates13)Researched current comparable rents in the area and received rental comps from the realtor14)Sat down and spoke with the current tenant to find out her plans going forward and learn about any complaints that she has about the property/current landlord 15)Addendum to P&S that seller cannot have the current tenant sign a new lease prior to closing; must remain month-to-month 16)Sat down and spoke to my former landlords (who I really respect and enjoyed renting from) and colleagues who are landlords to hear about their experiences 17)Went through all the forms that came with the Book on Managing Rental Properties and made them specific to my property and Connecticut (notice to vacate, rent increase, application, move-in checklist, late rent notice, employment verification, etc.)18)Met with a lawyer and had him review my lease, application and other forms19)Met with an accountant to discuss tax strategy 20)Created a profit/loss statement and spreadsheet for tracking expenses 21)Went to the local police department and received an in-house CAD report of all calls (emergency and routine) for the street and the specific address22)Met with the tenant’s Housing Choice Voucher caseworker 23)Received a copy of the “passed” HCV annual inspection 24)Submitted all paperwork to the Housing Authority 25)Scheduled contractors to begin work the day after closing26)Contacted the utility companies to transfer service into my name27)Set up a separate checking account for property income/expenses28)Set up a separate savings account for the security deposit 

Close to to Fernandina Beach and Amelia Island also.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

VRBO said I needed to allow 24hours for the guest to respond with the appropriate ID verification.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

I use these all the time, they can work quite well, but as others have said, you need to to underwrite the seller. 

This thread is chock full of the contributers that I always pay attention to -- to include Steve.