IMO, FICO scores are so generic that while you can filter out, you may also be throwing the baby out with the water - - missing tenants that are just recovering from messy lives.Before pulling a CR/BG report, I vet the previous landlords, employment and income, thus saving expense for a non-starter.Then, the CR (if you get a real one from Trans Union/Experion) will have all the accounts and their payment histories.  

If you rely entirely on rental income for your income, you should have enough properties & diversity that the loss of income from one location will not bankrupt you or force you into making a bad financial decision to recover/replace the income, and enough cash reserves to weather any local downturns.

hey all,curious as to know how much capital you started out with when you first began REI, particularly in relation to what your first property cost, the downpayment, and how things played out with it (cashflow, how quickly you recovered your investment, etc.)thanks for any info!

There are still several markets where prices are rising but have not fully recovered yet.

To me, it shows strength in the economy as it is recovering.

Even though the refi doesn't recover all the cash you put into the deal, you still are only $10k short...which you will recover in about 15 months from your cash flow.  

Finally, the strategy of turning your primary into a rental and purchasing another primary works best when the market is tanking, not when it is hot ... then in 2 years and change if/when the market recovers, you can sell your 1st tax free, or keep as a rental if you prefer at that time ... buy low, then sell high rather than sell high, buy high (or sell low, buy low) like most people do. 

I sold my investment properties to pay off my debts and provide basic income to support my family yet the job market did not recover fast enough to avoid bankruptcy.

Now he keeps saying he is busy and not completing the project.1) Can somebody knows good contractor who can finish job.2) I already paid this guy money so what can I do to recover the money .Any help will be highly appreciated ThanksSam  

If the tenant goes into a tailspin and can't see their way out of their dilemma, a kind word from the landlord and a presentation of community resources can sometimes help the tenant to recover.