If you don't have a unit open to cycle each tenant through while you renovate them, you don't have an option because things will keep breaking when occupied and you will be getting less and less rent and no profit for years.You are right Jonathan, we just started out and like you said technically it should probably not be called a "deal" to the standard of a wholesale investor.We are just putting our first step forward.

Standard questions keep you on the right side of fair housing laws—discriminatory questions may come back to bite you.Here are 12 of the best questions to ask.1.

There "may" be a policy form out there that doesn't require this, but all the ones I've ever seen follow these standard insurance principals.   

The paperwork to get them setup almost always meant my first rent check from agency would be about 45 days after lease start, so you need to float that.Tenants always paid with Money Order or cash, both required an actual visit to bank versus standard check that could be mobile deposited or ACH.Neutral:My tenants were not "light" on the property, but generally not overly hard either.  

That is part of the standard contract that realtors use, but a private party sale could of course be different.  

I see it WAY too often person who got a property, analysis based on STR revenues, found out they suck at hosting, revenues are never what expected, feels like work, and than when try to shift to standard rental there deep in the red because standard rents are a fraction of that hopeium STR revenue, but there "stuck" with a property, a mortgage bill, and are than searching to break even or paying $ to get rid of property...... 

Launch has an AI template creator but the templates on it are so vague and the response rates suck, so Ive been using my own templates I created which are in compliance with the 10DLC standards and we get disabled by the carrier every day lol.

Its a good question and lots of resources here on BP to learn - generally going the "conventional" route with mortgage loans from private lenders that conform to GSE (Fannie Mae) standards is great for your first few, then many switch over to "DSCR Loans" when they start scaling towards property number 3,4,5 etcI recommend talking to Jeff Welgan at Bluprint home loans to talk to to learn about the conventional options https://bluprinthomeloans.com/jeff/Also feel free to check out these resources on "DSCR Loans" which don't use DTI at all and are really good for scaling:BP-Published DSCR Guide!

All in all, the home is older but that is standard for the neighborhood and I have a solid amount of equity in the home currently.Recently, my dad said he is retiring and moving out of California. 

It's a certification that the company meets basic industry-standard criteria.