@Jordan Schlick: You should let them know that 25 business days is the longest they have to process a transfer request as per the banking regulations (assuming that the documentation is accurate).

If you fail to show a sufficient income similar to other businesses in the industry, the failure rate increases......why, because if you are a mechanic opening a repair shop and after three years you are not making more than any other mechanic working at other shops in the area, why are you doing it, why be in business, right or wrong, it is assumed you'll be doing what is most profitable for you, and you may just shut the doors and go get a job.

I assume by your post you are talking about residential houses to rent out.If that's the case be very careful.Many horror stories and losses for every success I have heard of.Go see the house and make sure you are dealing with a full time property manager and not someone doing it on the side in between sales.

So, assuming the information verified, as long as I get it before we finalize the agreement I'm fine with it.

Maybe you could offer a 15 or 18 month lease.That's assuming the reduced-rent father isn't an interest.

Someone had recommended signing over the title to my wife for pretty much the same reason that I was thinking about signing it to an LLC, but I fail to see how that would solve anything...am I right to assume that?

Until then, Romney is just promising hope for change, which is no different than hope and change.Without a specific plan from either candidate, you can only assume that the candidates will do what they've done in the past.

I will ask for more at our next meeting but I wanted to see how these companies stacked up against some that you all are using.I was hoping for more ARV but I assume that 65% is more than enough and if it isn't then it isn't the right deal.

Assuming it's a good investment, is it better just to collect as many units as possible?

Originally posted by Ibrahim S:.... 7 bedrooms in an upscale neighborhood, particularly if it has at least 3-4 bedrooms is money in the bank, sold or rented. ...I assume you meant that emboldened instance of "bedrooms" to read "bathrooms", correct me if I'm wrong ...