As I plan to move into land/home packages and SFR this becomes more important.I would like this thread to detail how someone might go from where I am to offering financing like any other established financing company.The only rule as we create this list is the reply to get a lawyer doesn't cut it.

Is there any rules against not having the existing owners stay and lease the unit after you purchase from them?

It could be that something they invested in is under investigation or maybe the hedge fund itself violated some SEC rules when it comes to soliciting investors.

The average rental (4 to 5 beds, 1 to 2 baths) on this street runs from $800 to $1100 without utilities.3 out of 4 bedrooms are under lease and will be renting out the fourth bedroom as soon as I find a second property within my target range.

I do not have a single member LLC so I can't comment on the rulings for disregarded entities (like a SM LLC).

However, and this is really for the newbies out there, your margins were dangerously thin.The rule of thumb, and this is for your protection, is to buy at no more than 65% of the ARV minus the repairs.

I would suggest brushing up on future and present value calculations as you start making offers, only because it will help you identify what your offer is in relation to what a cash offer would be.Couple rules of thumb I follow.#1.)

We set the ground rules from day 1.From a investor stanpoint, having good PM software is a must.

The owner oc rule was 1 year same as the FHA mortgage.

I am not familiar with any 60 day rule.