Hello, my wife and I are about to close on our first house hack and we’re about to inherit two renters that are on month to month leases that are way below market rent.

@Billy Houston- thanks  1) DSCR might work very  well for you ...if you can  qualify for a standard  conventional 85% ltv  loan - this would provide better  loan terms   2) yes - DSCR is very different than a cash out refinance 3) consider  getting fully pre approved for a standard  conventional loan at a 85% ltv ..this is  crucial  to do if you are looking to buy in a competitive market - thanks and all the best 

You literally have a unicorn when it comes to lending in this market.

Catheys Valley's growing market further enhanced its appeal.

You need to be constantly looking at properties in real life so you know what the number actually look like in your market.

Hello All,I have a SFH property with about 500K in equity and a VERY low interest rate in an appreciating market.

As you know already - marketing for seller-financed notes takes a great deal of time, patience, trial, and error.

I think if you go in with the mindset of 'I think I'd like to live here, but if not then I'll sell it and buy one in the same market that I really want to live in.'

There is an exact replica unit down the street higher (marketed well) and another listed for lower (marketed poorly) Both about $65 higher and lower.

Second, I'd like to know any specific marketing tactics and methods to screen potential renters.