Vet the guarantor the same as you would the tenant and either ask them to co-sign the lease or execute (which would technically make them a tenant, unless you lease has built-in support for a guarantor) a separate guarantee of the tenant's obligations. ... or move on to the next applicant.

Since this sounds similar to the old CO law, I will answer in that context, but redemption rights are soley a product of State Statute, and you best read said MI Statues if you are going to be a foreclosure investor, and not rely on people on the internet.

I look forward to meeting all the crazy BP members in Denver at one of the up and coming meet-ups.I live in south Denver (Centennial) anybody live close?

Supposing I get some partners or co-signers that get a monthly income from the government due to disability, or a person that receives retirement, would the bank consider that a valid source of income to be considered for a mortgage?

This is not a good question for the nationwide audience to try to answer - you need to get an estimate from a Colorado contractor or active experienced rehabber based on your plan.

Coverage at RC (Replacement Cost---gives you the ability to recoup the initial depreciation that is levied against the settlement by simply completing the repairs) that waives any co-insurance requirement may be the best of both/all options, too.

The only test we have been subjected to is the buyers attorney & the Title Co perusing all the LLC documents if & when the Title of the property being sold is held in the LLC.

Co-mingling funds is one example that can get you in trouble and is probably the most frequently violated by people.As far as trademarking, etc.

The two rentals I have here in Denver are both in "less desirable" areas.

(I have booties that the electric co uses to cut the electric, so when I have done it, the meter is still there and they think the electric company cut them off.).