A tip: While comparing mortgage brokers, don’t forget to ask them about any incentives or first-time homebuyer programs that may be available in your area.

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

If so, perhaps it is programmed to change temperature on a schedule and they don't understand how to change that.

Typically, yes, most programs will require anywhere from 10-25% down.

However, most non-government jobs are temporary.

Also there's a down payment assistance program (still trying to understand) which is how you're able to get the project 100% financed and bring very little capital to start.

We have some great programs. 

Fellow landlords, have you ever rented to tenants using the social program from SafeHarbor.org?

Out of all the programs I’ve joined.

They never took foodstamps or government aid.