I am originally from Miami, too.

COCR is good compared to my original investment on all of them and rents have steadily been increased but If I do a ROE calc, it’s really only around 3.5-4% on average.

The process is equally rigorous whether you went to college or not.Regarding the original post, I suggest linking up with an experienced GC and working under them for 6 months to a year, even if it's just as a part time apprentice.

Originally posted by @Ryan Evans:Yikes!

Realistically I believe this means that if you use a service on-time payments will help the tenant with credit scores but late payments won't hurt as they can opt out if they start to make late payments. 

: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+ (roughly 5% probability of default), 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 (around 10% probability of default), 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.

Originally posted by @Josh Cochran:What do you think of these fees, fair or a little over-the-top?

With a Conventional cashout refi, you will need 12 months of seasoning from purchase; however, the LTV will be based on the new appraisal amount, not the original purchase. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I have around 700 credit score.