Be aware that lender may impose more strict guidelines on top of Fannie's guidelines.

If the systems are mostly redone, than $1,000 should be fine.

Unless your in a high risk area or you dont want coverages like vandalism, burst pipes, and wind driven rain then you will be fine.

I think with a higher pet deposit and the higher rent you'll be fine, if they check out.They own their own house and would likely be careful with their dogs destroying their own home, while tenants can just move.

One LLC can do all that you mentioned but two, one for 100 rentals and one to do 200rehabs would be fine too.

This works fine with electricity and gas, but in many jurisdictions the water/sewer is either not segregated by unit or, in the case of a SFH property, must remain in the name of the property owner - which leads to the landlord carrying this utility.We have many student tenants who are unable to secure utilities in their name without posting a substantial deposit - this has to do with their not having a sufficient credit history.

@arronjunck It is still very early in this situation, I have a close family friend who is a great real estate attorney who will go over it with a fine comb.

With more stringent banking standards imposed by the international regulatory body, the Basel III, many industry insiders say, “No way!”

Read that fine print, and best of luck!

There are plenty of ways to structure partnerships- if all parties involved are clear with rules, responsibilities and expectations they can work fine.