So to clarify the how, why and what of hard money loans, I have outlined a very simplified explanation of where we as a hard money (commercial real estate ) lender come in1.

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

The tenant is paying their portion of the rent (the majority is coming from city) but the tenant has been difficult to deal with and I'd like to find an new tenant once their lease is up.

We didn't plan on getting in to real estate, but before we could sell our first home we had close family who wanted to rent it from us!

Once you get your systems down, you have a real estate business model that you can take to any market and be still be successful.

Are you utilizing any cost segregation studies/real estate professional status to lower the taxable income?

How did you find this deal and how did you negotiate it?

Though deals seem hard to find, it doesn't seem impossible.

I'm planning on jumping into the real estate game in 2016.

The last thing you need is to get a homeowner policy and find out it isn't valid because you're not living in the property.