Awesome man, Keep documenting.

I just went through my loan documents from the refi and found that the occupancy requirement is the standard 12 months.

I nearly lost an open and shut case because of one document that was not signed.

Seems like everyone has this need and there isn’t a home run software out there.What are you using to track rental income, expenses, store documents, investment reporting, EOY tax reporting etc...?

She will go away.Just make sure your documentation is in order in case she does come after you.

They sent me the IRS documentation, I’m just not concerned about an audit as I have supporting documentation

The good news is that if someone has a record and is going to be a problem in the present their credit and/or income to rent ratio probably isn't going to be great either.

Write your contract based on your own numbers, include contingencies in case you are off by a lot and then ask for whatever financial documents you need during your due diligence period.

Here it is...the year is 2007We are produce farmers FIL sells farm-we have basically zeroHusband under-educated /only job he ever had (46 yo)I took our lives into my own handsTraveled upstate (NY) Bought a house for cash WITHOUT TELLING HIM (425K)Ummmm-where the F am I getting that moneyWent to local mall with my 3 girls-called him from my flip phone to break the news- he fell silent BTWDrove back home (near NYC)Sold my house for 500k to a mansion owner close by (look up GLENMERE MANSION)Got my RE licenseFound my husband a job-he obvi couldn’t use a computer We are still in that houseWe’ve only lived in 2 houses I now buy houses regularly WITHOUT TELLING MY HUSBAND Because that sh*t is funny.

The good news is that you have an established tenant, with a proven record of profitability, and tons of equity.