I agree that it is a lot of money up front, but if the norm for the area is first and last month's rent, remember that the tenants who are moving in won't have paid last month's rent to their current landlord (if they are from the same area). 

Hi,I am curious what would experience landlords think about the Idea below.I am a out of state investor and still juggling between property managers. 

So the property I bought had previous termite damage and we are having it repaired and treated however.

Of the 200+ clients we've worked with, fewer than 10 were local; all the rest lived in other states or countries.

We also have an operating agreement that states that I will be handling the daily operations and I'm basically in charge of the whole business.

Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

They surely know something about the company.

I have looked at SK so understand the market there.

I would not invest out-of-state into 4 units to start.

For those who've made the leap, what has been your biggest hurdle?