Overall update. 

This post is more so an update so I can look back and see how I was doing when I first started pursuing REI.

Or you can keep them month to month until the new system is in place and then do a longer term lease with the updated language on utilities. 

They weren’t happy with the notice, started attacking me about all the things wrong with the unit (duh - that’s why we need to renovate), yelling about how good the other tenant has it and how awful it is that we are “kicking them out”, but not kicking out the other tenant (their side was already updated before we purchased the property).

If it is available, they are usually updated quarterly.

Is it turn key or needs a lot of work/updates/deferred maintenance?

We do not run an credit checks but it gives you an updated overview of their situation.Raising rent by over 30% is probably not the best route.

Just an update if anyone is curious to know.

Fannie Mae plans to update its eligibility matrix to reflect all these changes next month, but currently, borrowers purchasing one-unit investment properties will need a down payment of at least 15% and a 620 credit score to qualify using the DU program.”This is likely to affect more lenient lenders who relied on GSE backing previously, who are now limiting their exposure to investment properties.

Economic Update(Monday, May 17, 2021)The Centers for Disease Control and Prevention now declares fully vaccinated people in the United States can safely resume outdoor and most indoor activities without a mask.