A MIC manages a portfolio of secure mortgages where individual investors pool their finances to create mortgage loans.

I'm pre approved on 240k and looking to secure something in the next 2 months.

I am located in the DC side of MD, however. 

There are certainly challenges and things to watch out for but there are people out there successfully doing AirBnB arbitrage.Happy to chat about: Identifying the best property types and locations for this.

In term of locations, do you all have any recommendations on those locations? 

Living free with minimal out-of-pocket expenses will put you light years ahead of your peers, who are likely paying anywhere from $1,500 to $2,500 in rent, depending on location.

Cheaper properties Apache Junction,  Coolidge, MesaMost Expensive Properties Scottsdale, Cave Creek, Gilbert Three thing's, 1-Square footage. 2- Ad on Square footage. 3- location.

Ask them when they issue distributions (anything before the 15th of the month is a red flag), do they require reserves, how is maintenance charged, do you see copies of outside contractor bills, do they upcharge materials (PM's have LAR accounts with Lowes and often get 20% off), do they keep all late fees or just the management fee, what other fees do they charge (renewals, inspections, etc), where are tenant security deposits held, how are evictions handled and are you consulted before filing, what screenings do they run, what qualifications do they require from tenants, ask for a couple other owners to visit with for a reference. 

I went to Binghamton University for my undergrad many moons ago. I know a lot of the tenants there are students and they make the properties cash flow very well. However, with all the zoning, interest rates, and risin...

Once approved, we offer a lease to the tenants, collect first months rent (which we retain) and security deposit (payable to owner)  We also make sure they have utilities transferred and renter insurance in place before obtaining keys for move in.