I'm prior military so I do have a VA loan available to me also.

During the last administration HUD decided doing so was having a disparaging impact on a protected class, so they created a policy saying it is illegal to say you won’t rent to anyone with a felony.  

@Terrell Garrenhttp://www.landlordstation.com/blog/top-landlord-f...https://www.rentcafe.com/blog/renting/states-best-...I just checked out those resources Terrell, really informative and I have no prior knowledge of those websites.

I often will also transfer the property into a land trust prior to moving it into an LLC, as when you establish the Land Trust in a specific way you can actually keep your name from the public record - but that is another discussion entirely.

Make sure you list the lender as such on the insurance policy so in the event of a fire or other disaster they get their money first.  

I have the rental agreement on hand in case they want to look at our rental terms prior to applying.  

[Biggerpockets] is notorious for the no and no money down niche, but you really need to have a good financial runway prior to investing otherwise you will lose your bottom when it goes sideways.Read all the usual books.

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.

@Stephanie ChoiCongratulations on the condo purchase.BRRRR is Buy, Rehab, Rent, Refinance, Repeat - With that said since you are holding onto the property and expecting significant appreciation to occur - you do not want to hold it within a corporate vehicle(C or S).WIth that said - you likely want to hold it in an LLC; but you should consult an attorney prior to doing so.If you and your boyfriend are not married, the LLC will be required to file a partnership return since it has 2 members.

Fannie Mae allows the lender to use the actual payment on the loan unless the loan is deferred in which case Fannie requires the lender uses 1% of the current balance similar to FHA.To make things more complex, FHA has the worst student loan policies but the lowest down payment on multifamily.