Good morning I recently purchased my first investment property and currently looking for a tenant I talked with a couple of investers who told me that they were scammed by people who passed background and credit checks using fake identities I am wondering if anyone has encountered this and is there anything in place to protect against this action that seems to be on the rise

Check it out!!

Monthly rentals in the summer are not uncommon, especially if you have a nice amenity (proximity to Donner or Tahoe, proximity to downtown, or one of the local golf courses).Check out Tahoe Forest Hospital for their need of MTRs.  

I would check with Tony Wendtland in Sheridan, he has handled several of these and is local. 

Rental per room will be always more profitable than as a whole, depending on the market of course (rural vs urban) check local listings for comps.

.- Always check with the long term debt lender first if the property is deemed "rural". get them to check this for you first. - Many lenders have a minimum of $75k (we actually do down to $50k) but have seen numerous investors not know this, and struggle to get the cheaper houses refinanced. - Many lenders have a min Sqft. - Many lenders have a minimum value of the property (at appraisal) of $100,000 or greater (essentially, they don't want hood houses on their books if they have to take back"Just a few things on your check sheet i would have when evaluating!

Make sure to check out the New Hampshire housing program offering $10,000 in downpayment assistance, can even be used for repeat buyers depending on location.

As with your fair housing police they act on complaints and do random checks.

And of course my 90 home project here in Oregon 650k to 1 mil.. so I would check out what is happening in spec building in Columbus would have to be decent rates and leverage on spec construction loans to make it worth the effort and risk.

Always shop around, check your credit score, and remember to factor in closing costs when making your decision.