Even if I entertained the idea of allowing a tenant to do work on a property, I would simply pay them for work completed and they could either receive payment or apply it to the rent.

If you subtract the concessions from the $22,295 buy-down cost, your out-of-pocket cost would be around $6,795.This makes the break-even period even shorter, as you'd only need 10.5 months to recoup that cost if you apply the seller concessions toward the rate buy-down.5.

Do either of these apply?

Even if I have late fees in my leases, I rarely apply them.

Does anyone have experience with applying, qualifying, or building with the Guaranteed Rural Rental Housing Program?

@Eric Fichera Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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 Class A property in Class D area, what quality of tenant will you get?

Then, I prorate the rent and apply the overage to November.

They can be used to offset other passive income or be applied against your ordinary income in the year of sale. 

Curious as to how much of it applies to your situation?

@Hector Espinosa Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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 Class A property in Class D area, what quality of tenant will you get?