One property is in Alabama (my private residence) and another is located in Florida (second home).My regular (and I say 'regular' mortgage broker, because he has already did two for me in Alabama and never steered me wrong) broker can do my Alabama home.

I process property valuations (Broker Price Opinions - BPOs) for financial institutions on a regular basis.

What are the circumstances in which it would make sense to do a regular option vs. a lease option?

I may get hammered by other landlords but good tenants are hard to find here in Fort Wayne.I have often offered the last week or two of the month rent free if the tenant takes the utilities.Of course, I have collected security deposit and first month's rent.I see this as a win-win for me.

No more welfare, unemployment, minimum wage, social security or medicare (for people who are under 50 now), medicaid, Section 8, EPA, department of education, department of energy, OSHA, etc.

With that said, there are always investors that do hibitual repeat business and I will regularly reduce my wholesale profit to give them a deal better than they ask for.

.- Now, even if you could get a commercial loan or a business LOC, without the company having a credit history, you'll have to personally secure that credit line.

Rental properties get deductions for any actual expenses, like taxes, insurance, maintenance, property management, legal fees, tenant damage over the security deposits, etc., etc.

I follow-up with a regular phone call or e-mail, just to remind them that I am still around.

This includes gardening, exterior painting, plumbing and electrical repairs, pest control and any other expenses or regular maintenance that affect the entire property.