What do these deals look like? 

@Alysa Greenehi. no offense intended, but if you have to come here to ask what to do next... maybe you weren't ready to put this property under contract. 

MLS is quiet this time of year and I thought maybe I’d get lucky.

Hey everyone, First timer here to BP but already loving the networking and knowledge in this group. 

I would like to find a lender that would base financing on rent/income.To answer your question, the property is fully occupied. 

I will be using Lifeproof from Home Depot, if anyone has gone this route before.

I’m new to working on the investor side of real estate, but I’m ready to build strong relationships and dive into this side of the business.

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.

If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

More often, I see people in Chicago using the MTR strategy to side step the STR regulations.I've considered buying a SFH with an in-law arrangement in Chicago to use as an STR because to me that seems like the best way to employ the strategy.