about investing would cut the guru’s potential victims by 90% - that’s probably the percentage of program purchasers that lack sufficient capital to launch a meaningful investment program.  

Initially you need to get a copy of the current Rent Roll, delinquency report, and Security Deposit status; (request estoppel certificates if you move forward with an offer) year end financial statement for 2025; terms of each Rental Agreement; who pays which utils (and LL cost); what is the Tenant parking situation; who owns the major appliances; when was it built; is there know asbestos containing material or lead based paint; has plumbing or electrical had any significant upgrades; has main sewer line been scoped within the last year; have there been any leaks, anywhere in the building in the past 5 years; size (btu) and type of water heater(s); size and type of AC unit(s); is there a common laundry area or individual hookups in each unit; is there a wired fire alarm system; is there a fire sprinkler system; is there a security camera system; how old is the roof; how old is the exterior paint (siding and/or trim); who performs groundskeeping and at what current annual cost; how is regular and large or bulky item trash removal handled, and at who's cost; is there any pest control provided, and at what cost;  is there a "system" of keys for the building (type, master keyed or not, controlled access via programmed prox readers), and a few more that escape me at the moment.Be sure you understand the legal boundaries that the Selling Agent is bound to.

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.

The pre-programmed chatbot sends initial contact, and once they respond it filters motivation and that's when I step in.

Talk to a lender now — not later — and find out:-What loan programs you qualify for (FHA, conventional, local bank)-How rental income will be counted-What reserves you’ll need3.

I know you can buy individual notes from them without being accredited, and they used to provide training to educate investors, but they stopped that program.

The model involves renting to college students on either an academic calendar or yearly calendar (some kids stay for summer semester).Researching what other landlords do for the the off campus housing program, many will offer the units furnished.  

Buying tenant occupied in a 3 family can be totally fine, just go in assuming you are inheriting their leases and the program rules, not getting a clean slate.

I wasn't given an underwriting limit by my first bank for about 18 months and, even then, I had to go through a very rigorous formal credit training program under the tutelage of a very experienced credit person.

Anybody used their Fix & Flip program in last 12 months and have a good experience?