At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

This is even true for student debt.I recommend the old-school, proven technique of paying off all debt.

Is it true for everyone all the time?

They are just partnerships with local teams and the true beneficiaries here are FS and the teams at your expense.

This will give you extra cash flow in the first year and/or the early years to maximize your tax benefits and make your dream come true.

If the property appraises for $500,000, you would only be able to cash out $375,000.Would this still be true as a primary residence or would we be able to find something like 5-10% down on a 30 yr loan?

IF it's too good to be true, then it IS!

I’m new to BP and real estate investing, but I’m very passionate about it since I work in multifamily construction.

As such, many aren't incentivized to advise you along that path (sad but true).

True if it is not negative cash flow.