Mixed-use strategy (stacking revenue streams)Instead of relying solely on ag rent, some owners combine:Seasonal hunting leasesTimber thinning/harvest (if applicable)Short-term camping/RV sites (Hipcamp, Tentrr, etc.)Local farmers who pay premiums for specialty use (e.g., grazing rotations)None of these individually cover a note, but together they often get close.2.

RentRedi handles applications, leases, rent collection, and maintenance requests pretty smoothly, and Baselane is great for banking, tracking expenses, reporting, and keeping everything clean for tax season.

I have had great success with Zillow Rental Manager which is free and posts to Trulia and Hotpads in one go PLUS their application fee is super cheap.

As long as you're showing progress and adding some more skin in the game, most Sellers / Brokers will give you a short term extension as Commercial deals are trickier and take more time to close.Hope this helps! 

They AREN'T realtor formulas, they're BUSINESS formulas applicable to any business.

This is applicable to every kind of business, not just real estate. 

Think parts of the Midwest and Southeast.The biggest factors that make deals work right now are:Buying deeply discounted properties where the rehab forces real appreciationKeeping rehab budgets tight and intentionalRefinancing with solid DSCR terms (lower rates, 75%–80% LTV, and good DSCR coverage)They’re not common, but they do exist if you’re patient and run strict numbers.Looking forward to seeing your progress!

I always run credit or a background check on ANY tenant requesting an application.

I would have to stop the advertising after a week as I would get tooooooo many applications.  

Treating them as “one applicant” without running both names is how you accidentally inherit someone with a surprise eviction, bad credit, or a criminal record.Run a full check on both — background + credit.Even if the spouse isn’t the income source, you still want to know who’s living there.