isn't realistic.Of course, the bank could use your offer to define a higher value for the property and subsequently not accept the lower offer based on the value, but that's completely different than the bank accepting your offer for the seller.

@George Smith, that particular problem will go away, if your rehab is so good that your Lender's subsequent appraisal becomes $146k+, rather than $130k.ie.

In particular, I have seen it stated, and here is an example: https://cameonetwork.org/wp-content/uploads/2020/03/SBA-EIL-Webinar-slides.pdfSee slide 6."

If you have payroll/employees you can still qualify but if you're just a landlord w tenants best we can hope for is our tenants getting their stimulus checks soon, we will not qualify for this loan..Who knows maybe they'll do another change, I hope so....Yes I saw the slides they put out as guidance and the reddit threads. 

In addition, overseeing it ourselves, we catch other things PMs and tenants don't pay attention to, like loose pickets on fences or porch railings, sills starting to rot that need a coat of paint, caulking around tubs and sinks, tightening loose handles on sliding glass doors, etc. 

Maybe you can make each subsequent home nicer for her. 

In a partnership there is always thoughts that someone is not doing their fair share.......they get messy.This is a great business, it has lots of moving parts that you need to be aware of them.Lots thrills and negative aspects (bad tenants, bad loans, expensive lawyers, unreasonable housing inspectors, rent court, housing court, unproductive real estate agents, IRS, recording keeping.....etc.)And those THRILLS........ the elation and joy of sitting at the settlement table and watching, almost in slow motion, as the title officer slides your assignment check across the table, you slowly and with high anticipation turn it over and read your name and the dollar amount.

Yes, I would prorate the first month, and make all subsequent rents due on the first of each month.

It was less than a week from their arrival and the subsequent laughter from co-workers at the fact that I had the audacity to call myself a real estate investor that these cards paid dividends on the $15 Vistaprint investment.

@Kevin LefeuvreThe cycle just started, get ready for downhill slide (not too steep though ), mostly caused by fear and demand /supply ratio change.