I'm from SE Massachusetts and currently own a single family home and a 3 family rental property.

The bank views a year lease as less risk for them and a form of stability which as investors we know doesn’t equate to security in the real world .

I have a DTI in mid 20% and a FICO above 835 and have seasoned the rental income over 18 months, so qualification shouldn't be a problem.

She's in your neck of the wood and a great tax stategist.

I'm interesting in looking at markets in other cities and would like to get involved in multi-family properties and as I continue to learn begin innovating.The ultimate goal for me, like with many, if not most, others, is to attain financial independence as well as security.I'm super excited to get involved and learn as much as I can within this wonderful community!

Hi Darrell,Check out the Property Investors Network, PINLots of locals do very well in rentals, it’s really a matter of having standards and a system, holding to them, and deciding how you want to focus your investments. 

The later, I assume means I am added to the title and the sellers name then moves to 1st lien position on the note, off the title.But from personal experience, I'd might do a land contract in which the seller becomes the bank for a time, until you satisfy the contract, and the deed is held in escrow by a title company.Another scenario is to have the seller form an intervivos revocable trust, put the property into the trust, and assign certain beneficiary rights to you, along with a resignation of trustee (assuming the seller becomes his own trustee) and a quit-claim of any beneficiary interest to you, all of which is held in escrow by your title company.This is why I love biggerpockets.

*One is section 8 and has become a hoarder and gets frequent fines from the HOA for items left outside (two partners don't care because the rent is always paid) * One is a tenant of almost 2years who pays on time, cares for the inside of the home but has suddenly stopped caring for the exterior, and appears to have moved in a dog and a boyfriend but denies both.

I'm not an expert but am handy and a fast learner.

If they pass that portion, then you can confront them about the extra dogs and ask for more rent for the additional dogs and a higher security deposit because more pets = more property damage.If you do rent to them, an important note is that many insurance companies don't cover pets like pitbulls when it comes to lawsuits so make sure you are aware of the specific laws in your city/state when it comes to high risk pets.