Hey All, If anyone out there in the community fits the title description, id love to buy lunch, dinner or coffee and gain some knowledge.

Poor parents" are not a protected class, and I'd think your observations at the showing, as they would for any applicant, would give you palpable evidence of whether or not this family would be an acceptable fit for your business.

I doesn't fit what you're looking for, but there are certainly ways to utilize the money in the midwest.

Excellent opportunity for my buyer Lessons learned?

One of the things I've heard about hard money is in addition to higher rates, they have pre-payment penalties.Current or prior ownership of real estate: as stated, I am currently renting and intend to rent for at least another year or so.Value of property at present and/or your offer price: $158000 (zestimate)After repair value: $Anticipated or actual appraisal issues: will perform one during due diligence Current rents per month: $425Fair market rents per month: $500Down payment or equity: $30000Source of down payment funds, if applicable: see aboveIncome Source: Salaried/hourly W2, VA comp, Gross monthly income (optional): $1800 tax exempt, approx $4-5k in base wage (+ OT opportunities)Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $800/mo in rentFICO: Excellent Credit issues: None.

Being licensed can be a great part of your strategy, however, figure out how being licensed will benefit you, how the pieces will fit together for the end game.

@Ryan Dossey This excellent to read.

I am sure there is more to it.I am curious because with a 6.5 acre lot, you can fit in a few of those cabins.Hopefully someone who had looked into these type of deals before finds this thread and shares his/her experience/opinions.

They sound like a better fit for a SFR to me.I'd talk to the good tenant and try to keep them happy. 

That is a key part of my criteria and I keep getting agents that don't get that and tell me about places that don't fit that criteria.