Some mortgage lenders and local regulations may require you to have landlord insurance once you convert your property into a full rental.

Hi im a fellow landlord currently participating in the ULA ERAP , Im seeing this "Manager Approval Required" is that a status you seen while going through the process?

You could either purchase it with a stabilized bridge loan which usually requires 25% down payment.

So even if you can find a sponsor with the requisite experience you will also have to meet the individual property value requirements of the portfolio lender.

Do any of you require your tenants to have Renter's Insurance? 

Our company won't accept, "addition interest" for this reason.Also, this is being misrepresented by the agent, since insurance companies ALL add lenders as, "additionally insured" as required per mortgage docs.

The one I've been using requires me to go into the bank to sign with each tenant turnover.Does anyone have a bank or strategy where they don't have to do to the bank themselves? 

Hi John,What is your occupancy requirement for your current mortgage?

Lowest down payment requirements, typically only need to occupy for 6 months, can take cash out like any other property and effectively "BRRR" minus the rehab. 

Oklahoma may require you to file a state tax return regardless of your income level.