Even within that subset of programs there is also likely acreage limiters as well, so I would check with that as well.It might be valuable to reach out to a DSCR broker as there are a few different hurdles to overcome, but it sounds like it might be doable, with realistic expectations.Good luck!

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.

See below for what else can affect a condo's warrantability status.I utilize two programs for investor clients that do not scrutinize between warrantable/non-warrantable condos.

I'm sure there are 1 in 100 or 1 in 1000 that have really worked the program and become a success at some point, but they are rare.If you can't use your personal credit, I don't think you are going to easily and regularly find private money or asset based lending, things like that. 

@Oles B. about the notice to quit, apart from sending it through the rental program, if you had run a credit and background check on her, you can find her last known mailing address in it.

Reach out to me - I help real estate fund and syndication managers often with compliance program building under Reg D private offerings.

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.

Our daughter is in a Masters program at Minnesota State for the next two years.

Do you have separate bank accounts set up for each property or do you guys use any good software programs to help separate out each properties income and expenses from say Airbnb or Vrbo?? 

Long story short, tenant had some disability issues, got into a program that paid us the rent etc… We got the tenant out and looking to sell the property, however, the property has been absolutely destroyed.