They do not require tax returns, paystubs, or W2's.

Your property in the Lake Park community offers a significant opportunity (I've had rentals there in the past I off-loaded), especially in the current Raleigh market which is witnessing strong demand for properties like yours.By selling now, you could capitalize on the equity you've built to reinvest in properties that better align with your investment strategy and require less hands-on management.

Depending on the condition of the fixer, it may not qualify for traditional financing and require cash only offers. 

Beneficial ownership reporting is a requirement from the Financial Crimes Enforcement Network (FinCEN).

As part of your due diligence under the sales contract you will require estoppel forms signed where they attest to the status of the rental agreement.

There is no statutory requirement for rental income.3.

DSCR may be a good idea, but some lenders require that you have a years worth of “investing experience”.

Hi @Josh Dillingham, There is no specific holding period required in order to qualify for 1031 Exchange treatment.

@Jake HillAlso realize if you form a separate property management company then you will also be subject to all the licensing, fees etc associated and required within the state.I agree with the others.

Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 we charge $2,500 minimum)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 WeeksWe have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VA, WA, WV, WI, WY.