Hi Sarah:  A DSCR loan is a good alternative if you have 20 percent down and you do not want to, or can not pass, a complete mortgage underwrite.

But when we pass a Fee estate, fee simple absolute a General Warranty Deed is used.Accepting a QCD from an institution or business entity or governmental body is much different than from an individual owner as individual ownership interests include inheritable rights and homestead exemptions along with marital rights under state laws.

You need to take a course and pass a test to drive a car, and most of us think this is reasonable -- why not to own a gun?

After talking to one of the foreclosed property agents, they mentioned that in these cities, properties under a certain price has to pass a city inspection with a contractor to see what needs to be fixed for the property being livable.The agent told me that in their company, there are trying to run the city inspection right away but some do not do that.So I need to find a contractor, that is also licensed in the same cities for the consequences where the property does not have city inspection.What is the best way finding them?

These folks are licensed professionals who had to pass a written test, not merely "registered."

If appropriate, I suppose you could throw in a few double negatives, and say, let's meet and pass a good time!

Even if that illegal person manages to fill out an entire application and pass a backround test and I decide to rent to them, then okay!

If they pass a strict grandfather rule where any sale loses their right to STR, the buyer may still face problems (which is also a part of their due diligence, but I would be honest upfront).

I have informed the prospective tenants that if they would like to move forward they will need to pass a background check and verify income.

Quick summary:- I have two single-family rental properties that have done very well but they were financed with conventional lending so I'm a newb at presenting a fair offer to a private investor- Investment would be for $185,000 for a single-family home- House will clear $500 / month in NOI-  The house will pass a standard inspection and appraisal (I already attempted to get this property through conventional financing but it fell through because it's a condo with > 80% of the units rented.