I have been doing this with some of my tenants and I find it nice knowing I have a commitment locked in but I can also plan accordingly.

They have access to leases, rent ledgers, and sellers Schedule E's showing vacancy losses/ a signed operating statement from the seller.Management- 3% of rents or actuals as shown on an executed property management agreement.Insurance- 3% of rents or actual as shown on a commitment from an insurance provider.Property Tax- Actuals for most current year as stated on county recordsCash Reserve- 3% of rents as an additional bufferOperating Reserve- 20%-25% of rents depending on the type of property.

I would also consider note lending if I was you. you can normally get double digit returns without having to take on as much of a long term commitment of funds.

That's what I would love, a 6 months commitment is the summer.

I do 12 month leases for my student campus properties, and that works as they are 100% committed and no one has ever bailed.

We've committed to buying our first investment property by  March, 2019. 

Also, I asked my lender if they had any other types of loans I could switch to that allow this, but interest rates have gone up since my commitment and it is unlikely I'll qualify for any other types of loan at this time, at least before closing.

My biggest worry about going to north Carolina is my brother isn't as committed as I am.

Right now top of cycle in many markets so many are focused on smaller projects with forward commitments by tenants and non-refundable hard money to the developer.

You can get it in one long week of work with an online course.With your license in hand you will show commitment and have much better chance to work for a broker.