Thomas Stanley, author of "The Millionaire Next Door", "The Millionaire Mind", a few books on selling to the affluent from the 1980's that are still valid today - his last book was "Stop Acting Rich" - a very good book discussing how high income/high spending/low investing people live compared to the real millionaires who tend to be medium-high income/low spending/high investing.

You need to recognize that providing financing for 18 months isn't really long enough to cure very many credit issues.

For you to talk to the lender, they will need to give you authorization (a form, maybe notarized.)You need to figure out if there are potential buyer's interested in this property.

I recognize now that parking is so important that a property with prominent parking significantly broadens the pool of potential tenants.

Then, using the principles of Deal Flow, you ought to recognize your value in the process is as a lead generator and give the equity-qualified prospects to a company that can monetize them and be prepared to accept a referral fee, since they made the deal happen.Alternatively, learn how to skiptrace the owners (or heirs) or hire someone to do that for you.

In your later posts it would appear that a certain degree of replacement will be undertaken either by requirement of the local authority or for your own piece of mind.You also indicated the Vendor is unwilling to entertain any repair prior to sale.

If that is the case, I was just wondering if a lender looking at those operating expenses might not question how they're so low compared to most and would suggest having some additional supporting matierals (maybe an authorized statement from an experienced broker or operator?).

It depends on the city as to who has the authority but when I did this locally I had to go through the city planning department.

If you elect the Sub-2, I suggest you read more on the topic here and take care in following advice of any one author, you need to get with a local attorney to finalize whatever you decide to do.

We're using SmartMove for the first time with our first rental- the prospective tenant had not received the contact email we attempted to clear it and resubmit.The issue is that when we deleted and re-added him in order to force a new invite it appears to have left the application in a corrupt state- we have a header that says he is canceled, detail records that show him twice, and when he tried to authorize, his transaction failed.