I am happy with the outcome and look forward to closing this deal and being a repeat investor.

No Fed speakers this week since we’re in the quiet period before their meeting.We saw wholesale inventories tick up by 0.2% in July and consumer credit jumped more than expected.

She breezed through her application, has great references and credit score, had already paid her July rent/security deposit, has insurance in place, and is set up for auto-pay going forward.Thanks for your insights!

Fully vacant, currently being leased up.

If need be, I might go up to maybe 5%, but 1-3% is my general goal for increases.

Then blot it, don't rub it to pick up the oil. 

Up until now, our business has primarily focused on door-knocking, with a strong emphasis on pre-foreclosures.

To make it easier on both parties, I would simply make the introduction and if they go under contract I will set up a referral fee with the property owner to pay me for the introduction. 

To clear up things though if you have an LLC just for rental properties you won't get any tax benefits for having an LLC other than an additional expense.

Mink,I would advise using a Fannie Mae 5% down program to avoid the FHA up front UFMIP finance charge.