Screening Low Income Tenants

[Greg Gallucci]

Hi Bigger Pockets,

I am getting ready to purchase my first rental property and have been reading quite a bit on this forum (thanks for all the great info). In my area (central NJ) it is very difficult to find reasonable priced investment properties that make the numbers work in good areas. Where you typically can find deals are in the lower income areas. After reading the guide on screening tenants I was left wondering the best practices on screening lower income tenants that might not have credit scores, traceable references and are paid off the books (cash comp).

Thanks

Greg