If you do not have any background check results of the current tenants and occupants, you should consider doing that before offering a new 1 year lease term.

However, if the occupants stay for less than 30 days, the rental is typically considered a short-term rental and subject to different regulations.

I am submitting 5 - 10 offers on SFH's each week in hopes of taking advantage of the current market and to take advantage of the future market.

However, you may be able to offset some gains through depreciation recapture.Prorating the exclusion: The IRS typically allows you to prorate the capital gains exclusion based on the percentage of the property used as your primary residence.

@Troy SmithYou could add your name to deed but not mortgage typically.

Hey Deborah, What terms are they offering?

Almost forgot, the PMC also manages the onsite staff.Thanks, that really clears things up.I am under the impression that the owner is typically responsible for paying on-site staff. 

Typically, the good ones will make you very happy.

It is an entire program with participating lenders, and the process should be started before you start putting out offers on properties.Read more here:https://www.nj.gov/dca/hmfa/roadhome/index.htmlIf you need funds to close, I would probably suggest starting the process for your 401k loan now.

I personally have used Chase business checking and their credit cards that offer 15-18 months 0 APR.