Im always surprised at the negative comments when someone talks about the real estate cycle, especially when history tells us it is somewhat predictable.Can someone predict the exact inflection point?

I have had to deal with this multiple times as the daughter and Niece trying to sell houses that weren’t  retail ready and it’s extremely stressful, especially if your dealing with a nursing home demanding financial proof that you can pay.

We concentrate on the subject property and the subject property only  I mean you start still listing documents - sure, vacant means no lease but plenty of DSCR Loans require leases / STR history. 

In most cases, they are very young with no income, no credit history, no rental history, etc.

What I mean by that is their income, credit, and rental history would have to be stellar.

If you have U.S. credit, 2 scores must show with at least 2 years of trade line history.

Rental history? 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

OK thanks everyone - I appreciate the quick responses - I've confirmed my deductible with State Farm and its not worth claiming anything under $4K and yes I am getting a discount due to my zero claims history.

You get the card, put it in a drawer, and never use it, but you will build a credit history based on their performance record.Work hard and save money.