I recently learned that a contractor I play ball with has helped all three of his daughters buy houses at 18-19 years old, helping them to secure a good deal on a house needing work, at a price they could afford.

This should give the bank the 80% LTV security they require.  

Avail will automatically include things like a lead paint disclosure.The website also allows you to accept payment (rent and security deposit) which will direct deposit into your account, it auto populates late fees, and it reports on time and late payments to the credit bureaus.

I add an extra 650 to the deposit but make it clear it is added to the security deposit. 

I hear section 8 can be a great source of secure income but with some slightly higher risks?

Try Colleen Pacheco with Secured Insurance 407-725-3413.

Additionally, this would most likely require you to show the property to prospective tenants in order to secure a lease, which requires the Seller and LA's permission.With all of that in mind, the Lender should not be requiring this of you. 

@Jeffrey XenakisA owner-occupied loan normally requires the person who will be living in the property to be on the loan/deed.If you will be giving your friend $80,000 so he can secure a loan, you will want to protect yourself(just incase your friend dies and his estate says the property is 100% his and not yours...Also for him to just run away with the property).You likely want your name also on the deed.Financing through an LLC with more than 1 member normally requires commercial / portfolio lending which will be more than just 5% down.best of luck!

Mother-in-law owns her house in a different state (other side of country) & have 40K savings with 2k monthly income in Social security.  

Hi All,I hoping to get some direction and advise from you pros out there on how to BRRRR and secure long term lending WITHOUT a W2.