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.

Your tenants help cover the mortgage so you can build equity without feeling the financial weight of a full rental right away.There are great loan programs for first-time buyers that keep your upfront cost low, and you can take advantage of rental write-offs while learning how to manage a property.Once you have that first deal working, you can scale.

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

Hi Ruth, I am with The One Brokerage and have access to a Buy Before You Sell program.

Just a quick reminder for fellow landlords who work with the Section 8 Housing Choice Voucher Program  always make sure to follow these key steps before move in to protect yourself and your tenant:Do not allow tenants to transfer utilities or schedule movers into the unit until the RFTA (Request for Tenancy Approval) packet has been approved and the inspection has passed. 

He brings finance programs, knowledge of the best routes, and strategic insights, while I bring a vast network and expertise in asset management, property management, and construction/development.Not only do I own these companies, but I also bring a multi-generational network of contractors, developers, heavy equipment operators, plumbers, HVAC technicians, electricians, and more—trade professionals who can be leveraged for any project.

Hyrum,You do not need to pay off your car there are programs that allow higher DTI or no income like DSCR. 

for their one on one program.  

When Reagan cut the program for some people, he was kicked off the "system", got a job and has worked ever since, gainfully employed, paying taxes, now in retirement collecting Social Security from a system he actually paid in to.There was no physical reason he was collecting social security services "disability" payments, it was a spiritual problem.

@James Wise but the gurus teach you to post 5x a day selling something which they say workswhen in reality showing you are an expert in something and giving it away for free and giving an answer vs telling someone "hey buy my program or go to this site complete ten forms then I will give you an answer" wins you a lot more business.