Sponsor B may only offer 40% compared to the Sponsor A 65%, but the LP's in Sponsor B's syndication will fair better because far less capital is required.

If your state requires you to send receipts for repairs enclose copies of the receipts.

(BTW, I've created a spreadsheet to estimate the rental income required to qualify for specific properties and am happy to share it with anyone interested).After conducting some research and attending open houses, I found very few properties that meet my financial criteria within San Diego.

@Angie Hensley Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

it is not required in FL where I would buy.  

I know that nothing is free, and that some programs require you to pay the DPA loan back before you move out but what else is there to have in mind that I should know about.

There are hiccups if the landlord hasn't completed their end of the paperwork or requirements through the online portal but nothing that was a crazy delay. 

This would be subleasing and it would require the landlord's permission.

😎I've never required my SF buyers to get lender's insurance in my dozen or so sales, but I made sure to use a REC, not a Note and DofT. 

They are ultimately the same thing but I know that many lenders require seasoning.