You set your screening standards based on the class of your property.Unless you specifically want welfare tenants in which case you adjust the screening. 

I hold land personally with my wife that I am selling and at the same time I am purchasing my first str.

@Ravi KaruturiHello RaviI hope your enjoying the weather down there in Texas, I don’t personally live there but I would love to jump on a call and discuss your situation.

I work in and around the Osceola County, Florida area and I'd be more than happy to help out any person willing to learn about how they can grow a passive stream of income.

Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.

If you don't want to get your lenders in trouble, pick up a copy of Lend to Live in the BP bookstore for both of you to educate yourself on how to do it the proper way so that it's a true business transaction and not cutting corners just because you know each other personally. 

I played the part, she lost, and it took an extra three weeks to get her out.You can't take it personal or it will wear you down.

Does anyone have recommendations, and if you had personal dealings with them that were positive or negative.Thanks in advance for your help.

Especially during the bear markets, basics are the most important KPI.Reduce the amount of personal cash in the deal.Ensure that the property can provide enough cashflow consistently to sustain itself Wait for the best time to sellNever, ever, nevereverever, put yourself in a position that forces you to sell at the worst possible time.

These products have no income, taxes, or personal liability limits tied to the loan.