You are over-thinking the process and will be sitting on vacancies as the market slows and tenants become harder to find.Get a YTD paystub, last year's W-2, recent bank statement, government picture ID and SSN card.

The illiquid nature of real estate investing means a slow sale at high cost.

For all the people out there that are happy about the NAR Settlement, that are happy about "sticking it" to the RE Agent, claiming that RE Agents make too much money, don't provide good service/advice, that they don't have to pay high commissions any more, and that they can fill out "paperwork" and sell a house themselves...are the embodiment of ignorance and inexperience. 

All of these factors are very important in evaluating a question like this - always best to get the clear and complete picture!

I live in NJ so housing prices are fairly high.

I found the property on craigslist so that should give you an indication of how long ago that was .. 2006 - about the age of my profile picture : hahahahaAt the time I had a total of $15,000 cash.

Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134kIf it makes sense ofc I would love to hold and LTR  the sqft is 1214 I see same houses sold ending of last year for high as 450 that was smaller 1,140 sf 

Get a high lease price or profit sharing, due to the extra wear and tear.Make sure they are licensed and insured and local.Get a personal guarantee outside of their LLC name.

I highly recommend 24 hour closing.

Greeting BP,Curious to hear some general thoughts on how high is to high for home prices.