Here's what I do....again it may be controversial, but there is such an enormous pool of tenants that have vouchers that I can do this and still have plenty of people...No smoking of any kind.....I don't care if you have a card that says you need "it" for medical reasons.No evictions, ever.No felonies in the last 5 years.No dangerous breed "animals" or pets  and when fully grown the pet can't weigh more than 20 lbs.They will pay for a background check through SmartMove that costs $40.00I don't care what "story" they have, I don't sign the RFTA package until they give me one full months depositI actually don't care what their credit score is because the housing authority pays most of their rent.I don't care about their oncome because the housing authority pays most if not all of their rent. 

This exercise will help you establish which of the two properties best aligns with your long term goals.

With a mix of college students, medical professionals, and blue-collar workers, the rental market stays pretty steady.

Quote from @Alan David: raad has held onto my funds for over two years,I closed the account after requesting part of my money back , to help pay for a medical procedure.i was told to apply in December for a return in July.Now they simply refuse my request,their talk about customer service is all a crock.'

This is especially important if you're on the younger side, as those returns can compound significantly over the next few decades.I'm in a small real estate mastermind group, and we all did this exercise with our own portfolios and identified underperforming properties and equity to reposition, and presented it the group for feedback.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

Recently after some medical issues(I’m all good now) I’ve exhausted all my reserve funds and have 50k in high interest debt.

However, for the purpose of a healthy and helpful discussion, I invite you to the the do the following exercise to get the facts first:1.

Plus it's a great exercise to ensure you understand each step of the deal, and if there's anything you're missing--something new to learn as well!

The tenant-buyer has time to fix their credit and save more money for a down payment during the option period, then exercises their option - fulfilling their desire for home ownership.