Pretty cash poor right now since my fiance and I are saving up for a wedding, so I figured I would put my equity to good use.I have zero experience in rehabbing so I will most likely be looking for a turnkey property to rent out to start.

I've had some pretty poor applicants apply, low credit, history of defaults etc etc.

That said, if you have a loan product with an interest only component that flips to a fully amortized rate, yeah, there is a direct correlation to default.

Demand in the market can be influenced by job growth & net migration, industry breakdown of the market, new product coming online, landlord/tenant laws, and many other factors.Location - is it in a good or bad part of town?

@David MasciangeloI hear you on that, my goal is to keep you busy so you don’t have to rely on first time home buyers, keep your productivity going so you have no time your not selling home.

Hi Selina,Option 1) Work a second part time job (like from a temporary service) and save 100% of that money.Option 2) Marry a wealthy man (who loves you).A recommendation: Read Rich Dad Poor Dad.Good Luck!

Lima One has a good product for this or you could drop a post here looking for a cash out Re-fi, should have no problem finding someone.

There was lots of issues with the trim looking terrible, floors laid poorly (big gaps on sides), doors and walls in bad shape here and there Random door from a bedroom closet to the hallway (lol why?).

One should never put out a sub standard product and expect anything but a sub standard tenant.

The standard is that the property you sell you must have owned as an investment and you must be purchasing the new property with the intent to hold for productive use.