Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

Next year we can see how accurate the forecast was.I personally would take properties in most of those cities over many midwest cities for a long term hold (10+ years). 

I am a single mother and have been working overtime + weekends for the last 6 years.

Buy a new property, rent it out for a year and then move in for 19 years as your primary. it’s 95% tax free (19/20ths) it doesn’t matter you passed the 2 of 5 years rule  2) if there’s any rental activity before the 5 year look back period, it’s pro-rated.

It may be worth letting them know about the prequalification requirements (credit score over xxx, salary above xx,ooo/year, etc.) in advance to weed people out.

I’ve been using Baselane for almost a year now, and it’s honestly made everything so much easier.

Verifying recent 2-years of rental history very important!

There are plenty of people in this country with loans originated a few years ago in the  3's.

They float around for years and become outdated.

To get an umbrella that covers my net worth, it would cost me $600 more every year.