If you market your rentals and ask prospective tenants to fill out credit/employment/ criminal background checks first could be very likely a Fair Housing violation!

Question 2:  Should I even consider the low 500s score? 

Low income tenants will destroy your property As a Property Manager currently managing many Section 8 rentals I can confirm that there are tenants who will be rough on the properties they live in, that said this can be mitigated by using materials during the renovation which are durable like certain LVT, cabinets, and paint finishes.  3.

Industry Diversification & Job MarketKansas City is a hub for logistics, with robust transportation infrastructure and low operating costs.

A HELOC or HEL is usually the best move because you get to keep your low 3.87 percent first mortgage, and the interest is typically deductible as long as you use the funds for another investment or rental project.

These won't typically be available at traditional banks - go to a broker who will have access to them.To qualify for traditional income documentation loans with lower down payments, you will need to have filed tax returns for your business / self employment income.

So long as the attorney isn't related to you and doesn't employ someone related to you, the chances of a prohibited transaction related to the actual representation is quite low. 

Hi Daniel,I've been employing a similar approach in Uptown over the past couple years. 

Because my equity is high, my ROE is low, but seems to make a boost on ROE if I payoff the remaining mortgage, which surprised me.

The city is pushing for a Kentucky version of the Low-Income Housing Tax Credit to boost affordable construction, sales-tax exemptions on building materials for homes under the median price, and zoning tools that help projects move instead of stall.