You can also apply for 2 or more credit builder cards (these often have low limits, and are a great way to quickly boost and build credit).

A C or S Corporation may save on self-employment taxes.

Use a HELOC or business LOC as your swing account to front earnest money, draws, and quick closings, then sweep sale proceeds to zero it so utilization stays low and your next refi underwrites clean.

The seller claims the HOA fees are only $33/month, which seems unusually low and makes me unsure what to look for or what the risks might be.

Do you have a low interest rate mortgage on the property?

You might consider getting your RE license to immerse yourself in the business and provide income as I suspect the number of people who are able live off rental income especially early on is extremely low. 

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

We work with reliable vendors who know our standards.Consistency keeps tenant satisfaction high and unexpected breakdowns low.6.

.• Worst case: Inspection fails, low rent, long turn• Base case: Standard rent-ready condition• Best case: New voucher, max rentIf it only works in the “best case” column, it’s not a deal.5.

For those of you getting low projections, have you checked the market the property is in and the active listings on AirDNA, versus how many active listings there actually are?