Screening and laws vary by state.

@Ricky McCoy - there are shorter time period options from 0 to 3 months depending on several factors, one of which is the city/state your property is in.

However, just like the rest of REI that is going to depend largely on the are you are looking to purchase in.But if you do the numbers right, in most areas, it's absolutely a realistic goal to find a property cheap enough to have the supplemental rental income cover most, if not all, your mortgage costs.Hope that's helpful!

This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance

It really does depend on what your target audience is, for example if it's tech professionals that could potentially change what works best.

So eat life may vary. 

For cash out refinance DSCR, you can typically get up to 75% LTV (I have seen one option for 80% LTV depending on what you qualify for and the property location).

It really depends on your comfort zone.Please let me know if you have any questions! 

Thanks in advance Florida is a super lien state, so depending on when the condo was created the entire lien amount could be owed by the buyer or a portion (I believe lower of 1% of the purchase price the person being foreclosed upon paid or 12 months HOA fees, whichever is lower).Definitely will want to look into that.

The level of risk you face with a lease option depends in large part to the type of lease option you are doing.