Our one house in Jackson, I will be more hands on and all repairs have to go through me.

You do still need to get it inspected through the Rental Housing Inspection Program, but that's pretty easy.

In 2023, I received orders to relocate to Beaufort, SC, and was able to rent out my NC home immediately, generating approximately $500 in monthly cash flow after accounting for property management costs.

We went through permits and it looks like this happened in 2002.

It is cash flowing a couple hundred bucks every month (so rent > mortgage).

Think about getting certified in real estate and always keep learning through books, talks, and videos.

The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

I admit that the allure of interest-only payment to drive insane profitability from cash flows is attractive; however, I don't see a standard process that the lender follows, but it may just be the affiliate/broker representing them who isn't very formal. 

Call your escrow/title company and they may walk you through the process.

>> airbnb.com/h/walk-to-beach-houseIt went live on Feb 18th 2024 and so far I am cash flowing about $2,500 a month.