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.

Besides get involved in local meetup groups where you can share experiences with people who are doing the same as you and that networking could be as beneficial as the deal.Good luck!

I don’t want any problems between the tenants but I don’t know how to make this girl turn down her music Don't get involved unless:1) Lease Violation2) Police ReportEncourage you to tell the tenants this!

This should improve odds of cash flowing immediately although may involve some compromises as compared to what your ideal home might look like but worth it in the end. 

I’m interested in hearing directly from investors who have participated in turnkey programs and are far enough along to reflect on actual performance.Specifically, I’d like to hear from investors where all of the following apply:Property owned for 3+ yearsProperty has gone through at least one tenant turnoverOwner is out of stateDay-to-day operations handled entirely by third-party property management and vendorsUnder those circumstances, how has the investment performed relative to your original expectations:UnderperformingMeeting expectationsOverperformingIf you’re willing to share, it would also be helpful to hear:How closely actual maintenance and capital expenses tracked underwritingAny lessons learned that weren’t obvious at the time of purchaseThanks in advance.

Many conventional and DSCR loan programs for investment property cash out refinances go up to roughly 70 to 75 percent loan to value depending on credit, reserves, and rental income.

Higher % of return.Between myself and one client I have involved this is what we have done:BOUGHT ------SOLD ---------- DEAL LENGTH38k                  55k              4months27k                  45k             3.5 months52k                  85k             3 months24,500            43k              Closing Feb 6th 53k                  80k              under contract (4 months)20k                 ------              Waiting on Deed (expected sale 40k)No mortgages.

There is no income, tax returns, w2s, etc. involved.

In other words like most things the government gets involved in, the cure is worse than the disease.   

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.