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.

@Noyessie Hubert I can certainly help you close that in 5 days with 80% LTV and about 1-2 origination points depending on the deals detail.

It involves using a land trust to legally and creatively split a single-family home into three rentable units, depending on zoning, design, and property layout.

You could set up a payment plan, but I would not protract it out more than a few months (depending upon asset class - the higher the rent, the fewer payments). 

Mortgage lenders qualify you for a PAYMENT based on your stable income & debt payments.That payment includes amounts for the loan P&I, taxes, insurance and any PMI/MIP called PITI).The P&I portion depends on the interest rate, loan term and amount.Taxes & insurance depend on the specific property.How do you NOT know this as an agent?

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

There are certain neighborhoods and cities around Tampa that are better suited for specific strategies, so it all depends on your plan.

They offer features like credit, background, and eviction checks, and the process is smooth for both us and the applicants.As of now, pricing for BOOM starts around $10–$15 per report, depending on the type of screening selected, and they also offer options where the applicant pays directly.

Depending on the software they syndicate with many other listing sites.

If you’ve got a clear scope of work, you could pitch it as a quick in-and-out deal.Personally, I’d lean toward private money or a low-interest personal loan, depending on your network and credit — both are faster and more flexible than rehab-specific lending.Feel free to DM if you want help brainstorming structure — I’ve been down this road and happy to share what’s worked for me.