I am just a little concerned with quitting a full time secure job to go into a 100% commission based lifestyle.

the lender is concerned with continuance income here and in a traditional situation would require some type of lease agreement or proof of receipt of rental income.

So the renovation and trust factor im not worried about.Im more concerned with the real estate market in Merrillville, my 2 properties there are in good areas, the houses just need extensive rehab work.

yes we have the right documents in place, as we did when we first started, to show the proper ownership aligned accurately.I think we now feel its best to part our ways as far as ownership is concerned so thank you for the feedback.

The method of getting to 40,000 every time for a property is daunting which has got me reading into other types of financing or areas.

I strongly suggest you read the bigger pockets beginners guide as it covers all of the basics of financing, and the more crazy and creative methods are discussed in multiple podcasts, Blogs, and forum posts.

If the tenant Is mom and pop there is not much security in the tenant as far as a lender is concerned.

Jon, that was my concern as well.When I initially saw these scented paint, I thought it was a stupid idea.

@Jonathan Kennedy,Any updates concerning the Mobile Home?

This gives us the opportunity to have a face to face conversation with the tenant and get an idea of what their intentions/concerns are.