-Loganville and Douglasville: Growing communities with job growth.That's my two cents on areas...

Will require me to cancel a booking or two in order to do this.

How many jobs and homes were lost?

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

I currently work with investors looking to build their portfolio with single-family, long-term rentals while managing for them on the back end, making is hands-free for the investor to still work their W-2 job and live their everyday lives and spend it with family, hobbies, etc. 

I think in this environment lenders are changing requirements, guidelines, and product availability daily.

All buyers and sellers of rental real estate should require Tenant Estoppel Letters in their contracts.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

One of my wholesale lenders used to be willing to finance these, I can't remember the CLTV requirement of the top.

No personal income or tax returns are required.