There was also mention of doing "Certificate of mailing" which would give you a receipt for the address it's being sent to with date, instead of certified as it would require signature.Some additional info: this problem tenant contacted me with a different email instead of their original email stating that they have their "personal" stuff stolen, which includes their phone, ID, bank card, etc., and had the "funds" to pay rent on April 1st (1 day after the Constable delivered the official court notice.).

Thus, after a year you get your VA COE (Certificate of Eligibility) restored and repeat the process.

Did your friend get a zoning certificate when the property was purchased to confirm the number of units?

If they’re simply teaching theory without practice, that could be a red flag.Verify if they’ve been a guest speaker at industry events, published articles, or have any formal certifications related to real estate.

A 16% cap rate sounds promising on paper, but the logistics matter a lot: staffing, guest intake, rent collection, compliance with local/state regulations, and community relations can all make or break the business.We’ve helped folks who purchase existing homes and those starting from scratch—developing systems for managing staff, automating collections, maintaining certification, and keeping occupancy high.

Once that's complete, we'll paint and get all the minor items finished so we can get the Certificate of Occupancy (COO) from the city. 

As a point of due diligence, no certificate of occupancy was given at purchase?

Fix & Flip LoanIdeal for: Buyers renovating and reselling for profitMinimum GuidelinesFICO Score: 620+ minimum (700+ preferred for best terms)Down Payment: 10%–20% of purchase price (based on experience)Experience:0–1 flip in last 2 years = higher rates, lower leverage2+ flips = better terms (LTV, LTC, LTARV, rate)Special consideration for General ContractorsLiquidity Requirements:Must show funds for down payment, closing costs, and reservesReserves typically 3–6 months of payments depending on experienceLoan Term: 12 months interest-only (extensions possible)Rehab Scope: Detailed Scope of Work (SOW) required before applicationExit Plan: Must clearly outline exit strategyCharacter: No recent criminal history involving moral turpitudeEntity RequirementsIf closing in an LLC:Must provide Articles of Incorporation, Certificate of Good Standing, EIN Letter, and Operating Agreement (or Corp Charter if not an LLC)Must prove experience via HUDs or LLC membership tied to past dealsFunding Speed4–10 business days with clear title and insurance✅ Best FitBuyer has cash for down payment and reservesProperty needs rehabQuick closing required🔹 2.

Local Permits & ZoningMany cities now require a municipal lodging license (licencia de hospedaje)Not all residential zones allow short-term rentalsSome developments (even in tourist areas) have HOA or condo rules that explicitly prohibit Airbnb💡 Pro tip: Before you buy, ask for a copy of the building’s condominium regime and zoning certificate.🧾 2.

I remediated the property for$3,000, rented it out for $3500 per month while waiting for a certificate attesting to no environmental hazard, and sold it to the tenant for $325,000.