Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

If you don't have the 3%, the FHA program allows it to be gifted by a relative.

As the situation rolled over into the Twenty Teens, the government adopted a "Home Affordable Refinance Program  (HARP)" to encourage lenders to refinance existing homeowners with problems.

Quote from @Patrick Berhan: Hey everyone, I’m looking for some perspective from both property owners and fellow property managers, particularly those operating in high-regulation markets like San Francisco.I’ve been tasked with building and operating an in-house smoke/CO & Habitability inspection program for the units under our management.

Over time I’ve gotten very involved in the investment side as well — especially underwriting rentals, evaluating cash‑flowing properties, and helping investors think through their financing strategy.I joined BP to:Learn from other investors who are scaling portfoliosStay sharp on market trends and deal analysisConnect with people actively investing in NJ, NY, and surrounding marketsShare what I’ve learned from working in property management and investment operationsLooking forward to learning from all of you and contributing where I can.Excited to be here! 

Here's more backstory:There's a daughter ("Dena") and a brother ("Kyle") of Lily both involved who both say they take care of her and the other is cheating her.

I need to understand what is happening in the borrowers' lives if I can...particularly if there is delinquency involved.

Yes — 5% down on an owner-occupied 2–4 unit can be possible, but it’s not as widely offered as people think and it’s very guideline-dependent.A few points that usually explain the confusion:Many lenders will do 5% down on 1-unit but require higher down payment on 2–4 units (often 15–25%) depending on the conventional program, unit count, and the borrower profile.Some lenders simply don’t have the product appetite for 2–4 unit owner-occupied, even if it’s technically allowed under certain guidelines.Expect tighter overlays: reserves, DTI, rental income treatment, condition requirements, and sometimes LLPA hits that make it less attractive for the lender to offer.If you’re house hacking, the most common low-down paths I see people actually close are:FHA (especially on 2–4 units) if you can tolerate MI and the appraisal/condition standardsConventional options with higher down (varies lender-to-lender)If you want, share the unit count (2/3/4), target price range, and whether you’re trying to use projected rents to qualify.

I’m fairly new to the investing side of real estate and recently started getting involved in wholesaling and off-market deals.Right now, my main focus is learning how experienced investors think.

Has no more than 2 or 3 posts, and each is a “testament” to the quality, success, honesty, etc. of the subject guru or his program.