Understand the local laws and regulations that pertain to real estate investment.

I would love to help out with any questions that you may have pertaining this market.

I have some things to consider from experience specifically pertaining to the lease agreements -> here is my cookie cutter answer I left on a recent post:Please understand that this is not legal advice, but something I wish I had done when using a generic lease agreement provided by an agent initially.

My own real estate attorney doesn't take security Deposits for that reason.I am by no means a lawyer or an expert, however, after reading the laws pertaining to this subject, here is my conclusion:Security Deposits may be taken upon signing the lease, in an amount that is no greater then 1 months rent.The security deposit must be placed into an interest bearing account, and held within the Commonwealth.

However, the call to be honest was very underwhelming -- the guy just mainly explained how they worked/operated and asked a bit about my background/financial goals -- there was zero information on anything pertaining to my financial situation (even though they have this information).After the call, I was sent an email with a PDF brochure, outlining generally what they do/how they operate and a link to pay for $23,750.

@Allen HuaIf you want to do some reading yourself here is the link to FNME pertaining to your situation:https://www.fanniemae.com/content/guide/selling/b3...It's always nice having others chime in with their helpful information, but have the knowledge of 100% factual information from the source is always best. :)In your case, as others have state, you will be able to take the Monthly Market Rent of minimum of 75% of potential income.

I guess the way i was pertaining to would be more for you analytical type.. but if the way you recommended has proven results, might as well keep it simple! 

This order only pertains to New York licensees but homeowners may not care if you're licensed or not. 

@Jerry W. might be able to answer that.Here is some information as it pertains to rentals and LLCs..

I am not going to address this point for purposes of brevity but I would like you to know that these comments only pertain to the use of the cells and not the parent LLC.