I am starting late in life so I need to act, but finding the current market to be difficult. 

He has already submitted an application through Zillow, and we have the contact number of his current home manager.Please let me know if it's still a good idea to ask the potential tenant for a recommendation letter from their current landlord, or if calling the manager would suffice.By the way, what should we do if the tenant has simply provided a friend’s number, and the friend pretends to be the landlord or property manager, or if he just make fake letter?

I understand that there are multiple paths I could take, such as rentals, flips, or wholesaling, and I'm trying to figure out which path aligns best with my goals and current situation.Here's my question for all seasoned investors: What would be your first step if you were starting your investment journey today with the knowledge you now possess?

It will also use 75% of the rental income of the subject property as long as you have a current housing expense.

Current LTVs are ~40%.

I currently own a 3Bed / 3Bath duet style home in the Bay Area.

My question is whether it makes sense to keep the capital in the deal banking on it performing better long term and the retention of 5 percent of the deal after the waterfall as a long term asset, or if it makes sense to take the capital back and put it into my own deals (my partners and I are currently working on buying a hotel and I could use the capital to get myself equity and to help us close the deal).

I currently own 1 SFH rental in Texas ( I live in Nevada).

No down word trend ever. 

I currently own two homes and am just 3-4 years away from completely paying them off and owning over $800,000 in real estate.