I have a client that has had a rough past two years (a credit score under 500 and they're a 1099 with inconsistent income history).

They will finance incredible deals.

Your insights into how these smaller, specialized shops operate and the value one can bring by helping them modernize are incredibly valuable.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Hi Sharon, there are other other lenders don't base their approval solely on your credit score.

Scored a Weller Antique 107 for MSRP!  

.• What is the guarantor's credit score?

Navigating the zoning requirements, dealing with Maryland Historical Trust limitations on what can and can’t be done to the property, and the financial burden of renovating the property to meet these standards have left us trying to figure out the best strategy so the property doesn’t just sit unused.If we decide to sell, we anticipate pricing it at around $70-$80 per square foot, which is an incredible deal for a property of this nature.We’re reaching out to see if anyone here might know of potential buyers interested in this unique opportunity.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

For instance if someone has a really low credit score but their previous landlord said they were an ideal tenant and they passed income requirements I may take them.