Tell the bank you and the tenant want the tenant to sign the note as guarantors, to guarantee the note and pay the note from lease payments in the event something happens to you.Any bank can have a string of guarantors, they don't need to qualify, it simply gives the bank more people to go after in the event of default.The protection for the tenant is that in the event payments are not made as agreed, the bank can then contact the guarantor for the payment.

You don't need to retain each one, simply agree to work with them on an as needed basis.

My concern is that the tenant will constantly need something "looked" at simply because I am so close by.

As a SFH investor, I think you're going to find it extremely difficult to get to 25k a month.At some point, you simply can't manage all the properties yourself and now you've got overhead and then things have to expand even more to get to that number.

Those that simply "pop" will have the same issues to renew.And, most banks will be asking for current financials as they are required for audits.

In fact, most mentors I know do it because they came to their success through being mentored and are simply "paying it forward."

You really have no concern with the old DOT, like Jon said, they simply file a Deed of Release.

For the remaining entries in your list, simply pull them up on your Appraisal District website as you have done.

The loan would cover closing cost, 6 months pre-pay and sweat equity/cosmetics on the property.The person who does the loan will earn 12% for 12-18 months on the $50,000 which is secured by the Real Estate.I think I set up a win-win scenario, any feedback would be appreciated.

I have been pretty serious for about 1 year. 3 offers i made in the last year on SF properties didn't win because other offers were higher.