We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

Every multi out there right now for sale are occupied with low paying tenants.

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$. 2.

-If you do a long term rental, how do you pay back the hard money lender/private lender (if you use one)?

The house in under her name but the ex is paying a portion of the mortgage because she has the kids and he is the one in the mortgage.

It will cost me and extra $200 a month for the added flood insurance but I was told it will likely double or triple in price once it is no longer a primary residence.

@Simon W.Can you send me a PM if you know what you were paying for yardi versus appfolio ?

Let them know who you are, how they can pay rent, and how they can communicate with you (emergency and non-emergency).

Then, you generally have to pay hefty management fees, whereby your returns oftentimes end up being less that what you can get in your home country.

Our tenants left without giving prior notice and did not pay for last months rent.