While the thought of using Excel to create and format my own CMAs doesn't scare me, I figured that anyone who had done real estate before me might have some simple tools to share.

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.

The reason QuickBooks seems so intimadating, or any software program for that matter, is because we are using a computer to enter in our income and expenses instead of a piece of paper and a pen. 

I will handle tenant turn over/relations, cleaning and clean outs, emergencies, repairs, upgrades, certificates of occupancy/inspections. 

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

FN loans perform the worst on the books across all lenders who do them, so when guidelines tighten, the FN program gets cancelled or takes on big adjustments. 

A quick and dirty way to find the best markets is looking up the section 8 voucher program and look at the highest tier zip codes in your area 

I bank with US Bank and they have HELOC programs.

Any landlord can accept Section 8 (Housing Choice Vouchers) — it’s simply a government program where the local housing authority pays a portion (or all) of a tenant’s rent directly to you.That means you can buy any investment property that meets your market and return criteria, pass the housing authority’s inspection, and rent it to a qualified Section 8 tenant.There’s nothing “exclusive” about that process.Bottom line: you don’t need an Acquisition company or anyone else to “get into” Section 8.

The FHA loan program suits your needs because you want to live in one unit while renting out the other unit and this allows property purchase with only 3.5% down payment.