Verifying last 2-years of rental history and income/employment extremely important to find the “best of the worst”.Tenant Default: 20-30% probability of eviction or early lease termination.Section 8: Class D rents meet program requirements, often challenges to pass Section 8 inspection.Vacancies: 20%+, depending on market conditions and tenant screening.Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciation.Where did we get our FICO credit score information from?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Our strategy is looking for multi-family homes to purchase and hold as option 1. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I am sure you are right that our money will be primarily from people in my immediate network to start. 

Speaking of iteration, allow me to share with you the iterations and processes we go through in our Multi-unit Acquisition Program: After a client gets pre-approved for financing, we go through multiple deals to find the best ones that meet our metrics.

Most of our newer investors approach 2-3 lenders to discuss loan options.Some lenders recommend making your financing inquiries within a 45-day time period to avoid larger drops in your credit scores.All the best!

We're trying to get our first rental property paid off with extra cash.

most land has more than 6 months supply which means it's a sellers market. that's the same in our main market in Columbus Ohio and miami florida as well where I relocated to. 

A great REALTOR will help you gather rental history and the cost to own and show you good sites for pulling rental projections, but you will need to do your own calculations.Everyone's mileage varies.