You should be able to confirm when you do his background check.His fiance trusts him to be around her kids.

That is if there is no record on the platform of the request.Otherwise you can modify the reservation to add the week and do a payment request for the extra cleaning or bake it into the extra week charge.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

You need a downpayment, say 3.5% with FHA, but you also need at least 15k in reserves plus renovation.

It’s why you’ll often hear about keeping adequate reserves.

An estoppel certificate is a form you have the tenant sign that confirms their lease start date, the amount of their security deposit, and other things.

Maximize cash flow, attend meetups, avoid over-leveraging, and build reserves.

This was what I had planned but wanted to confirm I was moving in the right direction.

Below is my understanding but recommend confirming all of this with an attorney.Lease Terms and Updates: In Wisconsin, you can add clauses to the lease that spell out cleanliness expectations or even include a cleaning service if needed.