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.

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.

I requested a formal withdrawal of my application with documentation that it was withdrawn, as it was not an appropriate loan program for me and I was not comfortable moving forward.

@Javier Rosales it seems like you can potential build a duplex, but you'd have to go through the CUP process which can take a few months, maybe a year, and involve a hearing where anyone can fight the project, but doesn't mean that they will. 

I just wanted to put this out, maybe plant a mustard seed for some, and just hear some honest replies to what my experience has been since getting involved in the investment industry.

The time and expense involved are minimal relative to the potential investment. 

There’s less risk involved because there’s no unforeseen issues unlike a home where you might tear into a wall and find termite damage.

A diagnosis done properly involves time and gaining the proper access in the furnace to check and verify.

Syracuse University and Onondaga Community College have both erected programs to help directly transfer students from college to work for Micron.

I'd love to stop by one of the upcoming meetups, get more involved and connect in person.