To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

FHA often has a more generous tolerance for credit scores and DTI than a HELOC might.

The seller had the poor guy living in bad conditions and refused to fix anything.

That said, it’s totally fine to learn both at the same time if you have the bandwidth.On a related note—if you’re 18 or older and haven’t already, consider opening a credit card (responsibly).

This seems low, but needles has a history of poor appreciation.  

So I would be concerned that the loan was poorly underwritten (low down payment?) 

Even if you’re not buying yet, practicing this helps build real-world confidence.Read books – A few great ones to start with:The Book on Rental Property Investing by Brandon TurnerRich Dad Poor Dad by Robert KiyosakiThe Millionaire Real Estate Investor by Gary KellerTalk to investors – Your media brand gives you the perfect excuse to interview local real estate pros.

Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

I just finished reading Rich Dad Poor Dad and am ready to learn about real estate investing.