If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

Because of the Fair Housing Act (and the fact that he meets your rental criteria), it could be considered discrimination if you rejected him due to concerns about his personal life.

I think a flat fee is fair

This requires a fair amount of capital though since you usually need to fund the rehab upfront and then you either get your money back from the hard money lender or when you do the refinance.Long leases are better than shorter.

Talk to at least three to ensure you are getting the right answer.

Just PLEASE dont come here and buy stuff at cali cap rates, you guys are making it nearly impossible to get any "fair" deals for us natives:-)

I'm on the rental services commission and I'm frequently going back to review new legislation to ensure we're doing things correctly.

@Adam Fansler if  you want him to pay fair market rent, then pay him fair market for the work he does.

Interestingly that does not have much to do with fair market value.

Amazing how 100% of mortgage industry people will agree 110%with what I'm advising Investors to do to help ensure a smooth closing and completely avoidable delays over such a simple, no brainer action of rounding up or down.