I also attended a TREIA workshop on legal issues for landlords and had a real estate attorney review my application and policies, and I do move-in inspections with new tenants so everything is transparent and covered up front. 

As such I am building the appropriate checks and balances to cover those damn loose stair treads.

So, my question for the BP community is this: does anybody have a verified, dependable screening company that covers evictions nation-wide - even Maine, and that will allow me to see the full credit report (after an office inspection, of course)? 

The idea was that direct material and labor would be covered and any gross profit would contribute something to cover the overhead.

My goal is to begin my real estate journey buy acquiring a multi-unit i can occupy and rent out to cover to the mortgage and hopefully create small cash flow. 

Don’t let your feelings into the picture.

Thanks @Christopher Winkler that's the picture that was slowly forming in my head but that last part about signing a quit claim deed in advance was the missing piece.

Hello BP,Currently resolving why my profile picture options are always slanted, but other than that excited to be apart of BP. 

Initial cost is driven by home buyers making it too high and rent is rarely sufficient to cover expences.

At 5% interest, that would be $45K a year ($3750/mo) to the seller.Problem is, that $45K would only cover the interest on the $900K.