While they typically have considerable deferred maintenance, we're getting great terms.

Would love to hear your applications and utilize them within my business.

@Zach Howard some copy & paste advice below:)-------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Third, the typical person renting a room is not a home buyer candidate. 

How much upfront costs are typically involved in a project before you know if it's a viable project to pursue? 

Typically people think FHA because it's what's thought of as the least amount down which is commonly the goal when we all get started.

They'll typically leave behind mattresses, couches, broken furniture, rotten food, etc.

You typically offer it to your partner first to see if they will buy you out.

Unless a different one would be better that you could suggest   If you are house hacking you can utilize 3-10% down. 20%+ is great to put down but not always possible.

Bonus, Overtime, and Commission income all typically need a 2 year average either at the same job or in the same line of work.