TSAHC does not require borrowers to use an approved REALTOR®, however we provides several resources to help find a REALTOR® familiar with TSAHC’s programs.My lender and I are using TSAHC with investors/buyers for their primary residence.

Do not do work that is not required though.

This locks in your monthly expenses, versus  HELOC that is variable, and matches well to the long term hold of the rental.I use HELOCs for shorter term capital needs, i.e. flips, or even possibly the acquisition and renovation of a rental, but always with the belief that I will have it paid off in under a year, typically 6 months.  

Rental income/collections are strong at 100%, but cash flow can be choppy with capex/maintenance along with timing of expenses like when all my prop taxes are due.

Many of the properties in more desirable areas (and higher potential for appreciation) would allow me to pay just about the same that I am renting right now after considering every expense under the sun (PITI, vacancy, PM, capex, maintenance, etc etc).

That is one of the most expensive and difficult conversions you can attempt. 

What are the requirements for the vetting process? 

Our living expense needs are pretty well handled by Social Security and pensions, so there is no crisis at hand.First unit is a $410k listing with no mortgage.

Sometimes, sellers might require a smaller down payment or even none at all.

I will be required to travel to take care everything.