I think they do split it up into the income and debt components because in the past my rental income has been included with the income from my regular job.

.* Provide annual photos, inspection, updated realtor comps* Provide quarterly NOI, debt coverage ratio, etc.* Stress that their collateral is a tangible, closely-managed asset, in a very stable area, providing a basic need, housing.Anyway, thinks for all the replies, would continue to be interested in feedback from others.

So I have purchased a few rental properties here in CA and they are cash flowing well which is great, but I would like to pay cash for properties and start flipping homes to help make more income to invest in rentals.I went to a few auctions in my area and spoke with some of the regulars and I really don't think actually following what is coming to auction and going to the auctions is for me.

If PM's truly took the "heat" off the owners, then you'd see THAT heralded as Reason #1 for using a PM.As far as Elio's original post regarding S-Corp and personal loans, I hold no opinion and will defer to others more knowledgable in that regard as the topic is quite outside the realm of my own experience.We now return you to our regularly scheduled programming.

After the lease was signed, I emailed them the lease for the reference and have asked them to send me an email acknowledging the receipt of the lease.At one of the local REIAs meeting this week, we have a real estate attorney coming who will be discussing the general land lording issues and I will ask the attorney at the meeting what are the pros and cons of having a lease signed on an iPad.I will keep BP updated with what the attorney says.

They are marginal deals at best which is why you have no action.It is very hard to find a true wholesale deal at the right price.It is just like the regular purchase arena out there in that there is mostly a bunch of trash and a few good deals everyone is chasing.

GP will also get class B for management and syndicating the deal.2) We give our limited partners a regular preference in liquidation (i.e.

You are also basing ARV on converting it to a 3 bed 2 bath.I wouldn't touch a conversion unless there are other 3 bed 2 baths on the street.If just mainly 2/1's then you are going to have appraisal problems and getting buyers to offer on it.Nobody usually wants to own the most expensive property on the street because it appreciates the least and in a down turn loses the most value.Also I believe "I am not sure" but maybe Will knows is that the HML lender wants a qualified contractor to perform the work and will release the money draws once stages are completed.Also some of the work the city or county will require a license for you to do and you will not be allowed to complete the work yourself.It depends on local codes and what they require.You also have to factor in carrying costs and do overs.If I do something that normally costs 1,000 using a professional myself for 600 with parts but it takes my 3 times longer to do it and I mess it up and have to buy parts again then it's not smart.What you have to do is to find qualified contractors to get the job done quick at a below market price.You keep repair numbers low this way and turn times high.If you start a flip a certain time of the year and miss your list date you can be in a world of hurt when the slow season comes rolling in.You might sell at a real low value or not at all while holding costs from the HML eat you alive.You will also many times need good credit as all the HML's I talk to like to know if the investor has trouble selling the HML has a regular lender they partner with to put the investor into a regular loan and pay them off.

Mitch - We're updating the images system and some images that are of the PNG format are still populating over.

For instance, if you use Wordpress there are some plugins available that will turn your regular site into a simple mobile site.