Their circumstances have changed and they need to sell quickly.

I have so far replaced 4 out of 5 tenants and everything has been phenomenal,  except for this last standing family who drive late model vehicles but can’t afford to pay rent on time. 🤔  

Everything was replaced, except the toilet, which seemed to be in good shape.

The key here is to ensure that you have complied with one of three (3) identification rules: (1) Three (3) Property Rule; or (2) 200% of Fair Market Value Rule; or (3) 95% Exception.  

The reason I say it MIGHT be used is because there are a number of exceptions where they would not need to send one to you. 

Make sure to properly vet the prospective tenant to ensure you would rent to them under normal circumstances. 

Demand has been way above our exceptions.

Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.PenFed - max 3 other properties, 89% LTV Regions- yes HELOC but no LOCSCCU Florida 70% LTV, 6.25% interest only, not LLC Sound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.TD BankTIAA Direct was EverBankTower FCU, all states except TX, max 45 DTI, green card ok.

The BRRRR strategy is certainly a money maker and one of the best ways to find good deals and get exceptional returns.

There's this exceptional low risk cash deal that also requires some work.