It does not apply to a business purpose loan secured by these properties, owner occupied or not.

Plus, I have a secured line.

I wondered what some of those benefits might be and if it would warrant a little extra effort to try to secure the one end unit owned by another party.Thanks for chiming in.

I am collecting the pro-rated amount + first month + security deposit.Here is how its stated in my lease:Tenant hereby agrees to lease the Lease Premises.

(This one I did put on the market for 2 months) but then just had to have a tenant in the property with a signed lease and paid up rent for a month with security deposit.

There's nothing like passive income. 90% of households across the country need additional income and I can't see any better way to securing those funds than being a real estate investor.If you just want to make some extra cash for whatever reason, this is it.

I haven't really looked at what's available in my area yet, because I feel I need to secure some financing before I start looking.

Its a security measure to protect their investment.

But it clearly wouldn't work for us smaller fish (I'm at 23 and I am definitely smaller fish to them).ESCROW ACCOUNTSThey want all the rent for the houses to go into an account that they have access to and they want security deposits in a separate account and they want reserves and capital expenses to go into yet another separate account.Add in another 5% just to manage all the separate accounts they're asking for.

One thing I am concerned about is my ability to secure financing.