If so, consider adjusting your rent or offering incentives like flexible lease terms.

Step 2: Narrow down your "buy box" (are you market-indifferent, are you looking for a certain level of cash flow, etc.).Step 3: Connect with real estate agents and begin making offers!

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

For example, I will tell them they must be out within 30 days, but they can leave at any time during that 30 days without just one week of notice.If they reject my offer, then I start to ramp up the leverage.

Adding your property manager as an additional insured means they will be listed on your insurance policy as a named insured.

For example, we offer up to 85% LTC on GUC loans, with us funding 100% of rehab.

We were initially looking out of state for a potential move and or investment property just because the property taxes without being able to homestead, plus high cost of insurance, and harsh weather on homes made me feel like it might not be worth it.

However, many lenders offer only the 7A, so you'll have to shop around.

I've found that CPAs that focus on a niche area such as real estate rather than offering general services to everyone are typically much more knowledgeable about real estate tax incentives.

Cash offers would net you less.