Tip: Only accept a money order or cashier's check from the applicant for first month's rent and security deposit.

And they also must pay 1 months rent for securing new tenants (half goes to the agent that brings the renter on the MLS). 

I do not see the bank loaning you the money without a security interest being filed on the property (mortgage). 

She secured an agreement to advertise the property at $580,000 for 30 days and got it out to her list. 

It is hard for someone who has a voucher and they only have so much time to secure a lease before it is revoked.It's a very unsettling experience for someone who knows if they don't use the voucher they could end up homeless.

We do use a property manager for some that are too far right now for us to deal with, but they take almost as much time and effort as the ones that I self-manage, so I'll take those over when I have the time to build the proper systems there and have time to screen the tenants myself.If I found secure investments that could substitute for the income from our rentals without the hassle of dealing with tenants, I would consider it, but it's difficult in this low-rate environment.  

The bank should like this because you are going to get money back that you will reinvest into the asset and make the asset more secure for the bankGood luckGino

Just go to bed at night knowing that you'll be much happier and secure in five years than any of 'em

Together as a team, we feel confident and are ready to take action into securing our family’s financial future.We have seen a lot of debate about whether becoming licensed as a real estate agent/broker/realtor is necessary, but because we both are in this together, we have decided that my wife will be the one to become licensed, eliminating having to hire an outside agent, killing two birds with one stone.

I was able to secure owner-financing, and have since addressed the title issue.