The industry's sweet spot is 90 LTV (90% financing) and you would need a FICO is the high 6's/low 7's, be able to document income/assets, have cash reserves on hand, etc. in order to minimize your down payment requirments to 0-5%.

Mortgage brokers, the closing process when reviewing documents, are two examples.So, I would say that a hands-on landlord or hands-on rehabber will still invest locally.

There is so much repetitive document creation, the opportunity for errors is huge.

If you actually have a fixed term lease, it ends on the date specified, and the document (or local law) should spell out whether any further notification is required.

Quit claim - they agree that when they sign the document they have no rights in the property.

Granted @Rick Ferguson has a great suggestion so as I am not an attorney just speaking from past experience with document changes.

It's the same paperwork that would be done by the lender (loan documents) and/or title company (transfer documents) in the case of a third party financing.

Total cost to "move in" by the Resident Beneficiary is about $7,000. including all costs for the Trust Documents, contengency reserves, first month payment, and Trustee fees.Settlor and RB are very happy with the way this works.

I know that there are some pre-packed documents at places such as Office Depot, but they don't have all of the information that I would want.

This has the added advantage of providing supporting documentation of your administration of the Fair Housing laws.