I prefer having places where people renew their leases regularly.

However, I manage all my own properties, and do my own bookkeeping/banking, and have a regular job, contribute to Bigger Pockets, am studying for my real estate license, and help search for properties for an out of state investor.

That is, find a local REIA, network with investors, and find those who are willing to mentor you or at least keep in touch on a regular basis.

   - you need to assume market vacancies and even a period of abnormal vacancy after your purchase to convert this to a regularly operated multifamily so make sure you have enough reserves to get you through this period. 

Also, it will advise you if they think the tenant will be able to pay rent on a regular basis.

So we allowed them to do work prior to settlement and then get a regular FHA mortgage 3.5% down, no 203K.Worked out for everybody.

1) Change the 1099 entry for this PM on my taxes to match the "corrected" 1099;2) Include the remaining, unreported "gross" rent under the line for 'additional income' so it accounts for all my rents (income) before fees/repairs etc;3) Continue with regular deductions for fees/repairs etc and be done with it!

there's different stickers but all of them on their are eligible for a form of homepath or other maybe not renovation but atleast regular.

It's similar to a regular closing, and you mail the docs back to the title company.

I think that using these different sources on a strategic schedule we can monitor our scores quite regularly.