Go for higher quality properties in better locations as rental properties are priced for risk.

Jumping in again to opine.. if you go with lvp, you need to use the more expensive higher quality stuff.

Never mind the quality customer service you get from an LO who is more incentivized to close your loan rather than a W2 employee who is paid hourly with small commission bonus. 

Most banks won't lend when someone has an outstanding mortgage so would the owners be prevented from buying another house later because it still shows the zombie mortgage as a debt.Carolin,Based on all the ones I have done, most of the owners have been delinquent in their mortgage payments in excess of four years. 

(Even if it feels like overkill now, the plan is to do a "lite version" of the system and build out later).Anyway, My question (for the crew here) is really  more about actual workflow.... i have my tools chosen, but despite what they all promise (efficiency) I feel like I'll be bounching from "use this to acquire a tenant", "use this to vet / quality / sign a tenant", "use this to communicate with a tenant"... 

I look at debt and quality of tenant when I am searching for my clients.

Do you have an outstanding mortgage in your personal name?  

You can find the properties through this website: https://listings.vrmco.com/Just a word of caution for anyone with student loans, New American's qualifying criteria are similar to FHA - when calculating DTI, they will use 1% of your outstanding student loan balance rather than your actual monthly payment. 

The point of making money is to increase the quality of your life.

HUD is changing its inspection criteria from Housing Quality Standards (HQS) to National Standards of Inspections and Real Estate (NSPIRE).