Finally when they are ready, house hacking with FHA or first time buyer programs is an effective way to develop long term wealth while teaching leverage, cash flow and responsibility.Good luck.

For the clients we manage, roughly 60% have tenants placed in the Section 8 program.

This criteria is for 1-4 and 5-8 unit programs.

What are you hoping to get out of her program?

Recent leadership confirmations at Ginnie Mae and FHA signal stability in government-backed lending programs, which remain vital for first-time homebuyers.

After you have segregated your accounts it may not be that bad keeping them maintained, especially if your use a good software program (like MAS 90).

@Lolo Druff , with Section 8, it helps to separate program approval from your own screening standards.

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I requested a formal withdrawal of my application with documentation that it was withdrawn, as it was not an appropriate loan program for me and I was not comfortable moving forward.

I just went through this for one of my properties where a new program was started.