Taking classes to learn how to be a real estate agent really just teaches you the laws and how to pass the test.

Tenants are divorsing and leaving the property and we are now ready to return the deposit. 

We use a YTD paystub and last year’s W-2(s) to calculate income several different ways:Hourly or salary income calculated to a monthly amountYTD income divided by number of YTD monthsYTD + W-2(s) income divided by the corresponding number of monthsIf these numbers vary too much, then we investigate and require an acceptable Letter of Explanation.Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment to make sure they’ll always be able to pay the rent on time.

I lowered the price of both even more and was able to find a tenant for one of them, will see what happens with the other!

@Tyler GilpinEach HUD office in every County publishes FMR ( Fair Market Rent ) reports each year.Just google Name of Counit HUD FMR and it should pop up.You might have to dig around to find it.Or call the local HUD office and they will point you in the right direction 

This is good news due to future increases in Taxable Values being capped:)@Nicolas Munoz The City of Detroit offers many 2-4 unit properties, allowing an owner to live in one unit and rent out the rest.

Lawton definitely has its reputation, and you're right about the single-industry concern and the high crime perception, which makes it counterintuitive for many investors.

Of course, this question is best posed to an attorney. 

The other way to lower PITIA is to get a lower insurance quote but this is marginal since most insurance carriers are all priced to market efficiently (insurance accuraries have low margin of error or variability).Stated the problem and the solution to your FHA inquiries, any thoughts questions comments, lets goooo....

Numbers seem to be able to work, but being new to the mid/short term rentals makes me wonder.