Hi All,I need to start ordering tenant background checks directly instead of through my property manager (for reasons I don’t need to go into here).

Originally posted by @Cameron Price:Originally posted by @Andy Holland:Yes this is true,Technically the tax rate goes from 4% to 6%.But in real life is is equal to an increase of around 3 times that of an owner occupant. 

Just the turn of words “tax law” can mean a difference in perspective or emphasis.But most importantly as an investor I get the bonus of several approaches and technical backgrounds.  

Let me ask you this: is it fair to require a natural-born US citizen to submit to a credit/criminal background check, but then waive that requirement for someone in the country illegally? 

Do a background check.

Technically a mortgage company could get pissed and call the loan.

You can't just start a syndication as a GP with no background in investing so I don't know your play here.

I think the major branches of STR that owners need to know are -Financing, Market Research (you technically have it already in Cape Coral), Property Selection (what makes good STRs, regulations, analyzing, etc.), Designing and Furnishing (amenities, design, theme, linens, etc), and operating (Insurance, Property management or self-management, Tech & Tools, Cleaners & handy people, etc)All of these could be covered depending on who you work with that can cover each topic. 

I am a realtor in Milwaukee that specializes in working with investors, and I also have a portfolio of rental properties myself.I will get to your questions, but here is some background regarding loans and in general. - If you are NOT buying the property as your primary residence (in this case, it sounds like it will be an out of state rental), you are looking at putting 20% - 25% down if you are going to use a conventional mortgage.

What source do you use for:- screening criminal background- how much they make- any step by step that would be good to get them in.