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

Depending on how much your looking for and whats currently owed on the property, the All in One loan could be a great option.

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.

Join GP-LP Match email list and get emailed deals nearly daily (depending on how restrictive you make the criteria).Things that I would look out for:1.

It might make sense but talk to a good tax professional.If you have lived in the "Family Home" for 2 out of the last 5 years there is a capital gain exclusion $250 or $500k depending on filing status. 

Most of the time if they’re on market, they’re going for the highest price, & most likely may be hard to acquire if your numbers don’t work out depending on area.The biggest thing is doing it.

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?

Depending on how you're planning to fund or purchase the home, you'll also want to get connected to an agent or someone who is well-connected with the local wholesalers as well to see those deals.

Quote from @Jay Hinrichs: Quote from @Scott Mac: Quote from @Jay Hinrichs: Quote from @Chris Seveney: Quote from @Nate Marshall: Quote from @Jay Hinrichs: Quote from @Don Konipol: Quote from @Chris Seveney: Quote from @James McGovern   depending on the niche I would say 2 to 10% ..

Quote from @V.G Jason: Quote from @Chris Seveney: Quote from @V.G Jason: A bit of 1c depending on inventory and 2.