It's also likely that some or all of the homes will need some type of rehab to make them rent ready.plus you'll need some cash reserves not only to satisfy your lender but to cover operating shortfalls, especially as you are initially leasing up--expenses from empty houses but little income from occupied ones.I bought over a hundred in two year's time around a similar price point as you are proposing.  

Do you think the “60/30/10 rule” covers 95 or 99% of all houses and all STR’s?

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?

I don't have a specific area that I'm focused on, something up and coming area that's being turned around might be best, especially for my first deal.

GE Fridge all day, ice maker on the bottom freezer, internal water dispenser.

If you have insights, I’m all ears.Long-term, I’ve had deep conversations (mostly with ChatGPT) about eco-friendly building and infrastructure projects.

Contact me on biggerpockets.com when you're coming around and I'll help with more details.

Initially, I attempted to download and edit the latest CAR form to save around $3XX.

Lender policy is issued by the title company and you don't need to shop around for that. 

@Javier Esquivel holding or selling would depend on what the property would rent for, what type of debt can be placed on the property and at what cost..Let's look at the numbers.value $117K75% ARV $87,500(Assuming this is lenders LTVRepairs $35Kall in after purchase is $68K(Depending on closing costs etc...)If the property would rent for a minimum $1400 I would hold as the property will cash flow and I would have the ability to take out all of my initial investment after lenders seasoning period.Delay finance at $75K @ 6% 30Yr Am P/I($500)\cash flow $200 per month at 50% expense ratioyou'll have $0 money into the deal with cash flow and around $42K in equity.This would be a no brainer hold for me.All the best!