The truth is you will find bad tenants everywhere.

It is the price of doing business that's for sure...no frog kissing  no thanks lol but certainly lots of screening involved to find the right person...interviews always get tricky because people always tell you what you want to hear but probationary periods tell the truth on their day to day actions and can protect you from a long term commitment that you may regret.

The truth is, there is a single, right answer, and that answer is....Whatever allows you to sleep well at night.Leverage will allow you to buy sooner and buy more, but also exposes you to the risk that if things go south, you're in big trouble.

When I speak this truth everyone attacks me and bans me from chat lines, yet this problem is very real and very painful but all you people care about is your profits and it's disgusting how you turn the other way and ignore what you are doing to others who are less fortunate than you, those who are struggling to get under one roof while you have many. 

However, this doesn't exclude you from FHA loans or conventional loans for a new primary residence.When you apply for pre-approval, it's important to be truthful about your situation.

The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?

A POA usually states that the attorney-in-fact can do all things to facilitate a sale, that could open the door to act with another party to load fraudulent fees or charges, make repairs, collect rents to be conveyed.....whatever....Based on his justification for the reason for a POA (being BS) that just isn't a matter in truth, I suggest you listen to your attorney.Tell the guy your attorney will draft the POA and that both of you can go to his office to explain what you both want to do, you could take his POA as well.

If they’re telling the truth, they should pass the criteria.

If they are telling the truth it does sound tempting.

Let's all just call a spade a spade Memphis is not the safest place to live regardless of where you claim to stay and that's the truth from a person who has lived in Memphis 34 years and I have invested here for the last 11years.