If the avoids the question, I would assure her you are willing to waive the additional rent, but per your lease / policy, you do need him to complete an application and be added to the lease as an occupant, for their protection and yours.

I can PM you mine if you're interested.I assure you some will allow up to 75% of rental income.

They do go over each property to assure it will support itself.

With all of the TILA/RESPA compliance changes, timelines, appraisal requirements and timelines, allowed/not allowed practices, and current interest rates; these are the reasons I do what I do.

For instance finding an owner and going right to them bypassing all of the ethics and compliance REALTOR stuff could get that person in hot water.

I closed mid-December on two townhomes in Florida, one of which I was informed needed $1,000 of paintwork as it was out of compliance with the HOA.

Should I get documentation like short certificate to assure person I am dealing with is decision maker (executor) or sign wholesale contract then check?

I was just trying to be helpful and when one person asked where I would refer him to - I did not want to post public - as not to be in compliance with BP rules -#2 @Mike Dymski - Thank you yes - I was just trying to be helpful and work within the protocol (no hidden agenda)#3 Jason - I am not Paid by the mentoring company - I am a student and the training worked for me and my family.I hope everyone found the Educational Content helpful

I'm a banker and my conclusion is from the gauntlet of audits and regression analysis that I have to perform on a daily basis, to document and ensure compliance to local, state and federal banking laws that change daily and are conflicting and are painful when compliance is not maintained or achieved.

To an outsider, jumping into a flip or fixer for rental seems like a no-brainer...until reality sets in (electrical, plumbing, foundation, code-compliance issues, etc).