Don't take this the wrong way but I find it hard to believe you are getting them that cheap when companies like ours that are established can't.Regarding using hardoney to buy and hold, send me a pm and I can tell you how I do it as you will have to refi out with a lender.

Equity is established over time and the buyer moves into a better position than when they began.

In Pennsylvania, if the lease is established for 12 months, and there are 11 months left on the lease, I am obligated to follow the lease.Have you seen copies of the lease?

There is a lot to learn up front, but once you have it, it can be a nice part of an investment portfolio.PS.

Lots of cash out there.. spread the returns around and give up more than you want to establish a track record and over time you can do these yourself..

From talking to a couple lenders, it seems the longest waiting period is going to be the first two years of establishing a rental history before my DTI is no longer a factor for conventional mortgages.Areas I'm currently considering are Tosa, Waukesha, Pewaukee and Oconomowoc.

I was assuming a 50%-55% operating expense was already established.

When we do, we address it on the spot and follow up with a written NOTICE TO COMPLY if necessary.I establish a professional relationship with our tenants.

It was very well established that I'm a first-time home buyer and will be an owner occupant to the Quicken loan banker.

They do a lot to take care of the neighborhood.