This must be a specific lender requirement.

But of course section 8 tenants I am assuming will require more work.I am try to implement some of what Dr Joe Asamoah has implemented see you tube video below.

Most loans will require that if it's an investment property that the property is rented with a lease.  

Most lenders require this.5.

We use one bank to hold all of our escrows as required by state statue.

Hi Chrissy, You may run into the 6 months seasoning required with most lenders.

I would say go the owner occupant loan route to get into something for 3.5-5% down instead of 20-25% that you'd need with an investor loan, but those require you to live in the property for a year before you could rent it out.Airbnb could be appealing also since you'd already be furnishing the place for yourself, could just leave the furniture there after you'd move out.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

They have very specific requirements of how much revenue they want to see on a monthly basis as well as the frequency of the deposits.

We also felt the relative size and scope required would lend itself to a good first flip.