We are remodeling the home one room at a time.

Building a strong network takes time, but collaboration with industry peers can lead to success for your mid-term rental.

So, whatever the strategy, I would make a goal to get to at least 4-5 rentals within a reasonable amount of time ESPECIALLY if it would be a hardship to handle a bad tenant situation. 3.

Both Prosper and Lending Club offer loans big enough to cover your 50% down payment.Something I would never recommend to most people, but as a last resort -- if you absolutely knew you COULD pay it off any time you wanted, you could put the down payment or at least a big chunk of it on a credit card and float it between 0% balance transfer offers until you get it paid off.

@Tyler SteinkeI’m having a real hard time getting past the $100 / month profit on a $510,000 investment!  

Thanks, so it sounds like the steps to send the seller are:1) Letter of Intent (LOI)2) Earnest deposit based on a 21-days inspection & financial contingencies3) Coordinate time with the seller to have an inspection & general contractor (GC) walkthrough4) Calculate the amount of repairs/fixes required to see if it makes sense5) Ask the seller for lease docs (estoppels) in addition to rent rolls, maintenance, and all expenses6) See if the bank approves the purchase7) Purchase, send the tenants a document that says I'm the new owner, and start rehabDoes that sound right?

Sadly local realtors were having hard time finding the number too :(

I explained that landlords usually have 30 days from the time the lease ends to return any part of the deposit owed, but I’m not sure how that will work since he’s leaving early.

The property had gone up in value at the time of purchase ( $235,000 VA appraisal ).

A novice tax lien investor I had advised came to me one time and mentioned he worked for one of the national tax sale trainers.