In a conversation I had with a loan agent, it was made clear that the borrower must have NO negative credit.

I only buy rentals to hold long term and even if I'm looking at a turn key property, I would only pay 70-70% of retail value.

There seems to be a lot of negative folks with regards to the DC market so still trying to explore my options in there before I decide (I live in Northern VA) who to start marketing to.

I only ask because I find myself in all three of them at least every other month visiting clients.

Not to be a negative penny, BP also has a flipping book which I am sure is great because @J Scott wrote it.

Oh, and I forgot to mention:The list was only about 64 people and I only sent them 1 letter, with about 10 pieces of returned mail.

So far :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Be involved & successfully close at least 4 – 5 transaction per quarter.Reduce my personal debt by at least 34%.Keep removing negative individuals out of my personal space.Keep moving forward with my plans to purchase multi-family properties.Increase my personal net income by at least 21%Spend at least one week in Florida ( Disney )Work on obtaining broker license and CCIM.Spend one or two days volunteering my time.Read and learn from at least five real estate books per quarter.Work on business plan.Enhance my personal physique.

I only have 3 at this time but I believe I have an A, B, and a C property.

I have found that the larger % rates cannot almost negate 15% of a down payment.

This passes the 50% rule (before renovation) even if i put down 3.5% and owner occupy (which I'm considering)One negative factor is that even though it's listed at 180k, it's tax assessed over $400k (meaning 6k in taxes!).