Encourage them to obtain renter's insurance.- Insurance companies do not typically cover termite damage unless the damage is so severe that it causes a floor/ceiling to collapse.

By signing below, applicant(s) give permission to (1) current and former employers to release any information about applicants’ employment history and income history to the above named person;(2) current and former landlords to release any information about applicants’ rental history to the above named person; (3) current and former mortgage lenders on property that applicants’ own or have owned to release any information about mortgage payment history to the above named person; (4) bank, savings and loan, or credit union to provide a verification of funds that applicants’ have on deposit to the above named person, and (5) to the above named person to obtain a copy of applicants’ consumer report (credit report) from any consumer reporting agency and to obtain criminal background information about applicants.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

I am going to ask this in another post too but, do either of you have a recommendation on where to obtain a good boiler plate lease?

Tenant protection issues - We’re in CA and introduction of limits on rent increases so want to be sure that we have the lease structured so the tenant reverts to a market rate rent at the end of the 3 year period or moves out if unwilling to pay that rate.I’m struggling with the 3 year lease being long, I don’t think I could enter an indefinite (til death) lease.Another thought what if one spouse dies and the survivor remarries a younger person?

Ryan offered various reasons for the delays, including difficulties in obtaining permits, scheduling subcontractors, and obtaining supplies; even making allowances for these factors, we found the delays to be extraordinary.While we were pleased with some of the subcontractors (e.g., the roofers, the fireplace repair crew, and the carpet installers), there were numerous instances when Bildwise and its subcontractors did not complete tasks in a workmanlike manner.

Can't comment on Montgomery County but in Philadelphia with respect to tax sales you cannot obtain title until a year from the date the deed is recorded. 

Hello All-  I am weighing the pros and cons of subscribing to List Source to obtain leads. 

As I have indicated multiple times, pre q2 2022 you could obtain modest cash flow on the cheap Midwest properties.  

Lenders might have different policies on how soon you can obtain a second loan, and it may depend on factors such as debt-to-income ratio, existing debt, and property cash flow.