As long as you specify the bank name, address, and interest rate in the lease, you're meeting the legal requirements.To avoid the hassle of having to have the tenant sign the lease twice, you can simply leave the account number blank in the lease and note that the deposit will be held in a specific account at a designated bank.

These rules are designed to prevent borrowers from repeatedly using FHA loans for investing.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

these were common west coast rambler designs..

As an interior designer, inside mounts all the way!

In an ideal world the investor, a partner, an interior designer, or for larger investors maybe a project manager would be able to collaborate with the contractor(s) on these things.

I also renovated houses and own an interior design and renovation business. 

After all PITI, utility, and services (lawncare and cleaning) costs I have $7,225.I set aside 25% of this for my maintenance fund.The remainder funds my lifestyle, wife has a Tesla, and quarterly vacations as well as business growth.In 2023 I am tracking to build 4 duplex units designed as room rentals funded in part from a recent land sale.

Im not an attorney or anything close to it but it seems a simple P&L statement that is broken down monthly could reveal the tenants not paying their rent on time enough to warrant eviction.

It's simple really.