Bridge debt is used to “bridge” a property from its current state to an improved state and by virtue of that purpose, the maturities on these loans are short, typically 3 years with two possible one-year extensions (if the covenants are being met).The reason this distinction is important is that if rates rise, property values tend to fall.  

Write down all your expenses so far, including your time spent moving.

What have been the most important upgrades you made (or wish you had made) before renting out an 'efficiency sized' ADU?

It is important to consider the specific market characteristics of specific locations, such as the northeast coast of Florida and Savannah, Georgia.

I am not ready to list the property but know how important finding a good cleaning service is and do not live in the area and was wondering if anyone has referrals for reliable cleaners in this area ? 

This can include the time spent acquiring or improving rental properties, managing rental property portfolios, and advertising for tenants.Just keep in mind that you can’t combine time spent by both spouses to meet the 750-hour test. 3.

You can use DSCR programs that only looks at your credit and the property itself.Either way, it will be important to have a high enough credit and down payment to qualify.

This why it is important to understand the tax process in your area and the laws that apply. 

Did you get copies of the financials including any funds held in escrow?

Anything in Westover or closer to Raeford will be a great area for rentals including prices ranging from about $1,200-$1,800/mo.