Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

What is the best way to find a realtor that specializes in rehab and distressed properties. 

While I'm hoping my rehab will be done in 2-3 months I have just found out that in the area I am looking to invest I have to wait 6 months to refinance.

If this is a place that you can't afford to have totally trashed and fully rehabbed, say buh-bye to this tenant.

It is in a 350k neighborhood, we are closing to wrapping up the rehab project (finger crossed).

I won’t buy units that post rehab rent for less than 750/Mo.

Methods I have used include:- House hacking - I lived in one unit of a 4 plex I bought using an FHA mortgage and 3.5% down payment- BRRRR investing - I bought a house in rough shape, rehabbed it, did a cash out refinance, and rented it out, and repeated- I bought a single family home, lived in it for 2 years then turned it into a rental- I took three loans over the years from my 401K for the down payments on 3 of my houses- I bought a 4 plex non-owner occupied using a conventional mortgage with 25% down, but over the course of 5 years it doubled in appraised valueI have one property with a 15 year mortgage and I break even every month with rent.

Rental A has an 8% hard equity loan against it (less than 50% of value), which was used to purchase Rental B (free and clear), which is now fully rehabbed and ready to rent. 

I’m about to be finished rehabbing my first single family rental property.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.