@Rachel Fazio is well involved in that one and could confirm more about it.

I feel these are insanely good numbers for non Bank loans.Fin of Am, allows lower FICO, lower reserves,  just slightly higher interest rates, but a 5 yr pre-pay penalty.   

So, yes, there are rules to keep in mind, but in my opinion, there is plenty of room to operate within those rules while still building great retirement wealth for yourself along the way.Make sure you choose the right account structure for you, and you may also want to consider checkbook control if you have reservations about a custodian's role in your investing.

The landlord will say the the rents are current and the tenant will confirm the lease , terms and duration, and security deposit.

The estoppel certificate is a form filled out by the tenant and then confirmed by the Landlord.

On the other hand, if the sponsor would like to achieve higher cash flow by renovating the property but has run out of rehab money, it may be best to sell it to someone else, get the profits out, and let the next person come in with a new batch of investor capital to upgrade the property and increase cash flow.It mainly depends on the cashflow and the sponsors’ cash reserves to be able to improve the property further or not.

@Boone Tyson can confirm.

I bought the property 3 years ago and paid $500 for the appraisal.Should I continue shopping around while I wait for confirmation from the lender that they'll accept any licensed appraiser, or do appraisals cost $1500 now?

Conduct a follow-up inspection to confirm they're back in compliance.

In business brokering, it's about 9 months, so you need reserves to allow you to survive startup.