I have read a few books from Brandon Turner and David Greene a year ago.

This past spring she re-signed for a 2 year lease with us (4/1/2024-3/31/2026).

The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

I'm in a situation where i'm newly self employed (1.5 years) so dont have enough tax records to qualify for FHA lending. 

They ended up owning the house for 7 years and renting it out for below market rent before an act of the legislature and the signature of the governor before it could be sold. 

@Brian Burke when you say year 2, do you mean 1 year from the time they deposited their capital?

We’ve negotiated a 20% reduction on the asking price with a 3 year leaseback option at $0 rent.My concerns and please share with the forum if you’ve researched the issue are:1.

You may always administer a rent raise if you are looking for higher income from the units. 30 day period after a year of renting, ect. 

@Manuel A Zuaznabarunderstand it's expensive / high barrier of entry but the midwest comes with issues tooi think it's worth itwhat you don't want to do is buy a random property that looks great and then start sinking tens of thousands into itlike these folkshttps://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

She doesn’t have a mortgage as it was bought many years ago.