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.

Of course I have all her correspondence right there on the phone.

Make sure that the corresponding lender or broker you are working with has a loan servicing company that is non-reporting.

I have waaaay more debt than you and have to deal with inevitable corresponding challenges, but sleep well:)

@Frankie PaternoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

So, insurance premiums are getting VERY expensive.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

They now monitor the heat usage each month and send a bill to the tenants calculated from their usage and corresponding share of the gas bill.

Sorry, but real estate must be your profession.If you are brokering to others, an affiliate, or a correspondent, then none of this matters.

All of the tenants have to pay in order for me to keep afloat, so it can also be stressful.The tenants have a number that they text I check, and I have found this works as I can have a written record of all correspondence from each and all our conversations (what they said and what I said back) are all right there to keep track.Yes, they will lie or say they said things when they didn't.  

@Hector Espinosa Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?