That is what they would need to pay prior to move in (plus a full Security Deposit or other charges as allowed by local law).You should have a clear process for handling vacancies, which you follow every time, for Cleaning and Prepping the room and associated, assigned, storage areas; and your Marketing process (including ad text for each property and/or unit) which would include evaluating current market rents to determine current pricing.

Really helps with loan conditions and processing. 

Establish clear processes for rental management tasks such as tenant screening, rental agreements, marketing, showings, and routine inspections.

If you’ve got a 7-foot ceiling and a separate entrance, you’re looking at an extra $900/mo (or more with MTR or STR) in cash flow without buying a second building.Backyard ADUs: They’re streamlining the process for carriage houses and cottages.

I’d really appreciate any insight from investors who have gone through this process.

I am currently eyeballing either the Orlando or Atlanta market to make my first investment with my wife.Generally speaking, this first investment will serve as strong foundation for becoming familiar with the real estate investing process, and for establishing a portfolio we plan to grow.

Hello, my tenants are in the process of applying for another house.

It exposes them.Many investors approach capital late in the process.

Hi everyone,I’ve been spending more time looking at tax deed and foreclosure auctions, and one thing that always worries me is making sure I’m not missing something during due diligence.Before bidding on a property, I usually try to check as much as possible, such as:unpaid property taxesliens (IRS, municipal, HOA, utility, etc.)code violationsopen permitsjudgments or court records tied to the ownerpotential mortgages that might survive the salecity fines or special assessmentsanything else that could become my responsibility after purchaseThe challenge is that this process can be pretty time-consuming, especially when every county website is different and information is spread across multiple places.I’ve seen some investors outsource this to lien search companies or hire people to research properties before auctions, while others seem to do everything themselves.So I’m curious how other investors here handle it.A few questions for those of you who regularly buy at auctions:What is your standard due diligence checklist before bidding?

What's your process/tools?