Would you just leave out the income requirement since the housing agency is covering the rent?

The second scenario sounds like it meets that requirement if the all in costs include rehab costs.

We rehabbed our first property and have connections so we aren't afraid of a fixer-upper.We understand that buying through a wholesaler can be risky because there are no official requirements, regulations, or hand-holding. 

They now require 24 hr care and he is trying to avoid selling his home to pay the $65k that is owed.

Upselling: Simply put: our coaching, educational materials, access to teams on the ground, lenders, and daily live webinar calls are all included from the start and there is no conventional “upselling” that is required to receive that value.Secret: I used to think that none of this was “that complicated” as you mentioned, but then when we started FlipSystem I realized just how lost so many newer investors are.

We require co-signer to be local and a real estate owner, so that in case of default we can lien their real estate.

Also, 6 months reserves is a great rule of thumb, and some lenders require that as proof as well.We do have an arrangement with Helix Mattresses where I can +/- 50% off retail with free shipping on all mattresses. 

Do you need a certain amount of cash flow, are renovations required, how many bedrooms, etc4)who’s your ideal tenant, if you’re renting out?

The folks were about to lose it to a tax sale and so I bought it even though it was not in my geographical area.

If the city is ok with STR's, I then check to see what permits are required for STR operation.