Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

My wife is around 700 depending on the credit reporting agency used.

Whether this is a potential risk would depend on the state and particular case law.

It depends on your strategy.

How successful you will be will depend on the marketplace. 

Next step is to get a preapproval from the agents recommended lenders  and make sure you're financially ready to take this step.It is time to take yourself off being fully dependent on the podcast, and find an agent with experience in your area to learn about the best strategies to use specific to where you are. 

Long-Term Gain (owned more than 1 year): Qualifies for preferential tax treatment—taxed at 0%, 15%, or 20%, depending on your taxable income and filing status.Because you've owned the property for less than a year, any profit will be taxed as ordinary income—not at the lower long-term capital gains rate.2. 1031 Exchange Holding PeriodsIt’s a common belief—and good practice—that you need to own a property for at least a year to qualify for a 1031 exchange.

Prescreening and other hoops depend on the Class of the property.The lower an applicant's credit score, the less likely they are to cooperate with prescreening hoops - unless they are desperate, which then they're just a waste of time.What Class is your property?

Quote from @V.G Jason: Quote from @Chris Seveney: Quote from @V.G Jason: A bit of 1c depending on inventory and 2.

Every county is different, every circumstance different, could even depend on how often the county has sales.