Real estate investing is a pretty forgiving world and the average person can still make money even with some pretty big mistakes.Buckle in, keep your arms and legs in at all times, and enjoy the ride!

Aside from what others have said he could be violating local laws which may not allow for padlocking bedrooms for safety reasons.

My FICO is low at 680, the terms given were 7% 5 year ARM, 2 points + $1500 fees, as well as a prepayment penalty.I'll be selling the property within a year, and would like to find a similar loan w/o the prepayment penalty, and better terms if available.

FHA is very particular about safety and condition issues.No appliances means a kitchen that is inoperable.

It sounds like the absolute best you can do these days on a SFH that's owned by an LLC or corporation is 6.5% interest / 25-year terms / ARM, which are much riskier in the long run for buy-and-hold investors.So...is that it?

Oleanders along the fence the fence is an asset.And add some shade trees.I can’t see if the units have yards in the back but you could put up courtyards in the front for each unit with fencing of you choice it’ll add a lot of curb appeal and safety and privacy.

This whole process fixed my creditFirst dedicated rental I got was a ARM that required 15percent, that I refinanced to a conventional later

Transferring to your LLC: It can trigger a Due on Sale, but in 99+% of cases it will not, as long as the lender keeps getting payments, I have never heard of a note being called due in this situation, many people use Sub2 as a way to finance investment properties, buying subject to existing financing and the transaction is arms length (to unrelated buyer) quit claims the deed and continues to make payments as if they were the seller (loan still in sellers name) How to transfer: draft or have a title company Draft a Quit Claim Deed and record it in public records, that simple. *** what i described is Wisconsin Specific***

We typically like to meet your pets at some point in the process, too.Our tenants’ safety and the peaceful enjoyment of their home is important to us, so we do a credit/criminal background check on all applicants aged 18+.

Their appraisals are not only to ensure that the the home is worth at least the amount of the loan, but also for "safety".