Our typical rents range between $1800 to $2300/Mo.In contrast, Las Vegas multifamily properties mostly attract low-paid hourly workers.

The key is picking a location close to hospitals or major employers, since that drives consistent bookings.

(Census.gov)Employment Growth: Between 2022 and 2023, employment in Lincolnton grew by 3.98%, increasing from 4,830 to 5,020 employees .

Many self employed people or business owners write off quite a bit of expenses which reduces their net income on their taxes which is used for the self employed or business owner in how a conventional income loan is calculated.Also, DSCR loans are less paperwork especially if an investor has multiple properties (the less paperwork is significantly less when an investor has multiple properties but is less when comparing a one property conventional loan to a DSCR loan). 

Former landlords should be contacted, income and employment verified, credit reports run, application details checked, personal references reached out to, and public records (like bankruptcy or eviction) searched.

The job tenure piece is usually about showing 2 years of continuous work history (not necessarily at the same employer), so you may already be in a position to qualify with the right lender.

It is a very high risk strategy with a ridiculously low success rate for a first time investor. 

The casinos(Mohegan and Foxwoods) have strong employment for now which offers good tenant pool(most of the time).

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?

As @Greg Scott mentions, small claims is usually the court process to use.Here's the basic process:1) Small Claims money judgment2) Garnishmnet court action on employer or bank3) Actual collection of fundsSounds easy, but finding them and hoping they stay with a job or bank, so you can collect is always a challenge.