See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Have $10,000; 8 to 5 job, married with 2 kids, living at home, expert at ?????

Tips, loopholes and programs are tough to know up front but that's why BP Experts help!

I would recommend looking for local hosting groups on Facebook, you'll likely be better off there getting answers to these questions from local experts. 

Anyone can sound like an expert just by knowing a little more than you do. 

I would speak to experts in the area to try to get your finger on the pulse of the market.  

The laws regulating deductions and income are constantly changing and only an expert would be qualified in answering your questions.

@David Bergmann is the guy you want to talk to - he's the STR expert in Columbia 

.✅ Books like The Airbnb Expert’s Playbook – A great intro to hosting fundamentals.✅ Online communities (Facebook groups, Reddit’s r/Airbnb) – Learn from real hosts sharing what works and what doesn’t.Focus first on guest experience, pricing strategy, and local regulations—those are the pillars of a successful STR business.I can also share my top 5 beginner mistakes to avoid if you’d like—just let me know! 

This kind of networking can be invaluable, not only for gaining knowledge but also for finding potential mentors who can guide you through your first steps.Remember, every expert was once a beginner.