Hi, All~ Thanks for looking at this question. I am looking to put the least money down and will be using this property as a personal residence for at least a year and then either selling as a flip or establishing a lo...

Hi there,So if a Realtor finds a tenant for you and uses a TAR-2001 form for the initial lease.

Based on the few analysis Ive done so far, Ive been mostly focusing on COC ROI, initially doing long hand math using 4 square method, but now using the BP calculator, which have all generally yielded pretty poor COC ROI relative to what I hear in these american podcasts.

Once the rehab is complete, we can then refinance the home, hopefully covering our initial loan and rehab costs. 

And, after that experience, a process was put in place to ensure that all tenants sign-off on the initial walk-through checklist, that all repair requests have to be submitted by email with photos, and a "tool box" is provided that contains a plunger, hair removal comb for bathtub/shower drains, instructions on how to reset the garbage disposal, etc.  

Spoke to a couple of lenders recently who mentioned FHA loan minimum credit requirement is now 640, not the 580 I initially heard.

Once the rehab is complete, we can then refinance the home, hopefully covering our initial loan and rehab costs.

Thanks for your initial post.Mike

It appraised at $175k and I was able to refinance, pay off the seller and my friend/cards, got back my initial $9500 plus about $15k more, and then repeated. 

He also invest in single family homes and we had a quick lunch where he initially sparked my interest into real estate investing.What kind of questions would you recommend as a good starting point when interviewing these critical partners?