So your 'cost' would actually be 10.5% since your parents want to earn 5% but.........this method avoids this 'loan' showing on your DTI because the only people who know about the loan is the insurance company and the owner of the policy that took the loan.

Seller is going through foreclosure process ARV: $225k-255k, based on conservative comps (A buyer had put in an offer for 235k before backing out after inspection)Capital I have to work with: $35,000Rental Estimate: $1,750/mo.

It's always a good thing to have more properties earning you passive income and more properties to pull cash out in the future.

How does your process work choosing students in your property?

Here's what I have so far:-What are your processing fee?

We are in the process of going under contract for a fix/flip and need to secure a good closing attorney.

While you may be able to get away with not informing the county about the change in residency status, most of the legal residence application processes in SC counties to change your assessment ratio from 6% to 4% will require you to disclose if you currently claim this status elsewhere.

I'm currently a college student working part-time earning 25-30k yearly.

But the process of trying something new was fun and I would be lying if I said I didnt want to try my hand at it again!

I'm basically hoping someone can help with explaining the process and paperwork from A-Z.