Two years of renting the property with P&L for these years.If your property gross income $1K/mo - they will use $500/mo as your incomeIf it's cash flow $1K/mo, then you talk to your loan officer and get specifics.Also, they can use your bank statements for a year but it's more expensive if you're trying to secure mortgage on your primary residence.If you're getting credit line for business, there will be different qualifications but generally, bank will discount that income (considering that it might get vacant, or vandalized or whatever)

@Christopher Petersen unless we have negative population growth there will be at least as many people as there are now, and if we did have negative population growth it would have a much larger impact on things like Social Security than RE. 

I received the tenant's security deposit at closing.

I'm looking for some advice on my current security deposit situation.My former (very disagreeable and difficult) tenant moved out and I mailed his security deposit settlement to him at his new address via Certified Mail with Return Receipt within 30 days, as SC law requires.

Posting and publishing companies do the official notices and these are hired out by the trustee or attorneys handling the foreclosure.Cash for keys are typically handled by the real estate agents hired by the asset management companies for the bank.

We’ve had friends ask if we would manage their rentals, which is fine since I’m already doing my own anyway, but of course can’t officially without a broker.

Bring on equity investors to secure the dirt and front the costs associated with getting phase 1 shovel ready. 1a (depending on experience and local lending environment) Deploy additional equity capital to do the horizontal (roads, sewage, sitework) 2.

Don't forget you need a mortgage and note to secure the investor's money. 

(I)(1) The terms "real estate broker," "real estate salesperson," "foreign real estate dealer," and "foreign real estate salesperson" do not include a person, partnership, association, limited liability company, limited liability partnership, or corporation, or the regular employees thereof, who perform any of the acts or transactions specified or comprehended in division (A) of this section, whether or not for, or with the intention, in expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration:(a) With reference to real estate situated in this state owned by such person, partnership, association, limited liability company, limited liability partnership, or corporation, or acquired on its own account in the regular course of, or as an incident to the management of the property and the investment in it;(b) As receiver or trustee in bankruptcy, as guardian, executor, administrator, trustee, assignee, commissioner, or any person doing the things mentioned in this section, under authority or appointment of, or incident to a proceeding in, any court, or as a bona fide public officer, or as executor, trustee, or other bona fide fiduciary under any trust agreement, deed of trust, will, or other instrument that has been executed in good faith creating a like bona fide fiduciary obligation;(c) As a public officer while performing the officer's official duties;(d) As an attorney at law in the performance of the attorney's duties;(e) As a person who engages in the brokering of the sale of business assets, not including the sale, lease, exchange, or assignment of any interest in real estate;(f) As a person who engages in the sale of manufactured homes as defined in division (C)(4) of section 3781.06 of the Revised Code, or of mobile homes as defined in division (O) of section 4501.01 of the Revised Code, provided the sale does not include the negotiation, sale, lease, exchange, or assignment of any interest in real estate;(g) As a person who engages in the sale of commercial real estate pursuant to the requirements of section 4735.022 of the Revised Code.(2) A person, partnership, association, limited liability company, limited liability partnership, or corporation exempt under division (I)(1)(a) of this section shall be limited by the legal interest in the real estate held by that person or entity to performing any of the acts or transactions specified in or comprehended by division (A) of this section.

Fortunately though we have a strong and steady rental market, so while our returns might not be the highest, I feel positive about the long-term security of my investments in/around this city.