Kenneth E. posted a fantastic list about this last year - you can see it here: http://www.biggerpockets.com/forums/93/topics/76751-finding-motivated-sellers-my-list

If its from some other source, it will help your DTI.Once you have rentals on two years taxes, lenders will look at the actuals from your schedule E.

http://www.realtor.com/realestateandhomes-detail/2907-E-28th-St_Kansas-City_MO_64128_M80660-27783 What do you guys think about this deal?

So a 160k home that brings in 10k a year has a P/E ratio of 16.

., I often don't answer the phone or respond to e-mails from tenants without giving myself time to think about their request.

., I have a friend that is a PM and they direct ALL of their tenants through e Rent Payments.

Schedule E's are good to ask for too.

A) You probably won't have personal liability if you weren't involved in the screwup;B) However, the LLC will be responsible;C) The assets of the LLC can be used to satisfy any judgment;D) The property gets auctioned off;E) You lose your investment in that property.If you instead have the proper promissory note, personal guarantee, mortgage, etc... what possible result?

To accomplish this, it takes a face to face interview with advisors it can't be done on the phone in 30 minutes or quick e-mails.Boilerplate agreements are not designed for specific needs but for the masses, it's a product, the difference between a suit off the rack and a tailored suit, there is no way one size fits all.A well written O/A can cover many bases not addressed by canned forms.

Alerts are set up with the tiny print a little e below the search box.