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 still insist on cash or a cashiers check for premove in funds but buildium does have a guarantee program that charges the the applicant and they can pay online.

I’ve seen it happen too many time where all the rehab is financed on credit cards and it severely reduces loan programs.

It's become common practice with these syndication education programs to use misleading websites listing the mentors as a member of an "advisory board" while listing transactions in a manner that's intentionally vague and intending to mislead potential investors on the track record and of the capital raiser. 

@Javier RosalesMake sure the garage conversion was permitted and has a certificate of occupancy for retail. 

Yes we definitely work with a lot of investors on that, most of the times you'd probably want to use a community program because otherwise you run into points/fees limits on conventional loans. 

Here’s what I’m seeing: A conveyed the property to B via a beneficiary deed effective upon A’s death.A passed away (death certificate recorded).B conveyed the property to B and C (warranty deed).B and C conveyed it to an LLC (warranty deed).The LLC conveyed it to D (special warranty deed).The LLC is owned by D’s ex-husband.D is now selling the property.The LLC has owned dozens of properties historically, so the use of a special warranty deed appears consistent with an investor entity. 

Quote from @Allan Skibiel: Do you know any names of programs or insurance companies that will write a policy like this?

in Michigan most municipalities have rental certification requirements so once you become the new owner/landlord you will have to show that you are making strides to update any rental code violations.

I have just started in a 3-day training for the Lee Arnold broker certification program and thus far just completed the online material required for preparation.