Is the seller prepared and able to pay off the mortgage with his own funds?

As a small time/full time/one at a time flipper there is no reason not to manage the subs yourself assuming you are prepared to be on site daily.

We have done all the cleaning ourselves when preparing and turning over the home and take care to do as good a job as possible for the next guest.My question is about what is considered standard, thorough cleaning-  The most recent guests seemed to have spent a lot of time in the kitchen.  

When it is clearly written out no communicated, you will be much better prepared for success.

This will be based on the purchase price instead of performance, so be prepared to come to the table with a decent sized down payment.

That's familiar territory to me and something I expect completely (and I've read the posts about things like how to use the cable box/tv/etc at midnight horror stories) and am prepared to handle those.

Any breach will result in immediate eviction.Otherwise, I hope you have a new tenant lined up, or you're prepared to deal with the revenue loss from a vacancy and possible PR issues if his business is especially popular in the community.Good luck!

can anyone help me with some of the basic requirements i must meet to qualify for  a portfolio loan. i really wanna be as prepared as i can be when i go in bank. what i mostly would like to know is if i need to have at least 2 years work history to qualify. i do have 2 properties under my name right now and I'm looking to add more as fast as i can but i just haven't been on my current job long enough. any feed back is greatly appreciated. thank you

I live in albany and currently preparing approved for fha loan.

You want to figure $620 for title search, $1,000 for document preparation and recording fees $1,000 for title insurance maybe and 4% of the purchase price for State and City taxes.