I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.

Focusing on building knowledge, credit, and some capital is key.

Rate will also be in the high 9s depending on PPP and credit.

Also see what company they used to replace the damage for that issue.

Personally I would pass but if you go forward I would do a lot of research on the group you are renting to and get a very large security deposit to cover damage. 

With the right resources and help, you can still make it happen.There are options that can help make buying a home possible today — even if your savings are limited or your credit isn’t perfect.

Have you reviewed the credit scores or do you know roughly what the loan to value will be after the cash out?

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

Also, credit score minimums are higher- often requiring a middle mortgage FICO score of 720 and above.

RentRedi needs an option to have the landlord pay this OR just bake it into the monthly cost. 5) RentRedi introduced a feature to allow my tenants to report their rent to the credit bureaus to improve their credit score (cool).