You gain experience and helps you determine if you want to be a landlord.

You apply the 3X rent as a preliminary qualifier to determine affordability for your non-Section 8 applicants.

If she is not active and not in the LLC they cannot attach tenant by the entireties property as both parties have total ownership, both parties have to owe the debt to attach property held in that fashion.

It will be some time before attorneys can determine the scope of compensating factors for qualified mortgages or higher priced loans.

I sent a welcome letter to both and let them know about the change of ownership and that the lease they signed with the previous owner was still under effect.

You will have to make that determination as your correspond with each realtor.

Determining price on a small MF may be more difficult if the comps are limited.

In Ohio, it sounds like our county auditor is like your assessor - they classify, document, and record the taxes and ownership on all property.

@Alicia Waldman , first, you need to determine if the lender is a direct lender, indirect lender, or a mortgage broker.

- Does anyone know if it is legal to finish out these agreements since they were done under prior ownership?