I have a borrower which I am helping with a mortgage who needs a VOR (Verification of rent).

There was an interesting coincidence in that our kids were the same age as their kids when they purchased the property 18 years ago.

The maps generally (verification is needed) show where vacation rentals are prohibited, where they are permitted with a permit, and where they can exist and are exempted from annual permit requirements.

The agreed sale price is 400K, I will keep the mortgage under my name at $1200 and collect $2400 per month, cash flowing a little over $1000 per month and 200K of equity at the agreed purchase price.Adding up my portion of the equity in the properties and my liquid cash totals to $1,105,000 putting in the net worth of 1 million + at the age of 26.

Cash makes low-income people who know their aging house has problems lose their minds.

One of the topics I hear about is the age old topic of to leverage or not to leverage.

You will find many ways to invest at any age.

.*3rd mortgage not yet foreclosed (client walked away got hand money back), *not passing dye test, bank insist its OK, and it was 15k fix and title will not transfer til fixed (client walked with  hand money back) *occupancy permit headache, past due water/sewage/taxes, zoning verifications. 

Neil, I believe the age limit as to a toddler is 3 years old, babies are really counted, you could have twins, 6 months old staying in mom and dad's bedroom.

Google maps is usually a year or two behind the times.Also, with this particular property, do you have verification that the tenants are paying on time, without hassle?