She was a good tenant so I let her slide.  8 mo later she got a great job and her fat tax check and she was caught up in 3 months.The other side of the coin is the mouthy tenant you hate that can't pay cause they spent their rent money going to vegas for his/her birthday even though they don't have a pot to piss in. 

As if the loss of what amounts to a big fat federal subsidy from gov't-controlled Fannie Mae isn't going to be made up for elsewhere.

They also say that one bad “crack in the system” could lead the company to go “belly up.”

You can't eliminate 100% risk but you can get as close as possible, meaning if it all goes belly up you can't blame yourself as it would have happened to anyone.

I've never purchased a house before so bare with me.1) What are the major problems with homes that you've seen that is a big fat "NO" as a rental investment?

Whoops, fat fingered the Post Reply button.

The fat is trimmed for a quarter or so.

Yeah right these were the same people that had another previous construction company that went belly up due to complaints and lawsuits.

@Christopher Bell I think multifamily is always the way to go.

I breed dogs, I love doing it but this would be a bit fat no from me.