They're affordable enough to allow good cash flow, while also attracting decent tenant quality.

If the agent is representing the buyer then he for sure needs to take duty and care and to allow a buyer to send such HUGE deposits directly to the seller / builder and not to the title and escrow company is highly questionable for obvious reasons.

I get a lot of questions about housing vouchers and how you determine rent amount allowed.

While none of these options allow for immediate cash flow on the property (we are on the northern CA coast) the ARMS would allow us to break even.

This will allow you to qualify solely based on the income that is produced from the rent of the property.

Owner occ developments there is no value associated to the income approach so these props generally speaking will appreciate a lot more as the neighborhoods are much more desirable. builders the last thing they want to do is sell to investors if they are creating owner occupied communities.. rentals degrade the neighborhood and they will be sabotaging their own values to allow a bunch of investors to buy and rent out in their communities.So when you buy new builds keep in mind if its a build to rent community they will NOT appreciate like owner occupied neighborhoods.. might be best to find something already 3 to 5 years old where the stigma of renters dies down.. that would be best to protect your investment.

. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio. 

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

Yes the penalties are high, so if people think they might be selling when they renew their mortgage, they get an open rate mortgage that allows them to sell with less of a penalty than a closed rate mortgage. 

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