Check out this chart: 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 CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

@Stephanie SelbyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

So, now we are barreling down that process as we had not originally thought we'd be going that route and I am trying to figure out how/what sources I'm allowed to use to verify their income.  

@Vincent Paventa You may want to skip trace owners of rooming houses in your targeted area and call them directly, this would probably be your best source of sound advice.

We specialize in sourcing distressed/discounted properties for investors.

As a KS resident, KS will tax 100% of your income, no matter where it is sourced to. 

New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. 

Where city meets country and my favorite part.

It’s personal to the employees, who are directly impacted by the work culture of the business and rely on it as a source of income.

You can be a resource to the source (e.g.