Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You could agree with the Seller that you will accept up to $10,000 in the special assessment and the seller covers the remainder.

Use the top three or four discriminators so applicants can screen themselves.Then you need to have clear screening criteria yourself.

I have poor credit, which has limited my loan options.Closing Costs: Roughly $22,000, covering prepaid taxes, mortgage insurance, lender fees, and HUD consultant fees.The Shortfall: $25,000Initially, I planned to use a down payment assistance program in Detroit, but due to misinformation, it turns out I’m not eligible.

I have drafted plans for covered patios and decks in Coronado, City and County of SD.

This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

We're trying to best screen the applicants and my original standard was 3x monthly income and credit scores of 650+.I recieved my first applicant which is a group of 3 (couple and their sister).

I did the math and could cover the mortgage solo if needed.

The Creative Investor Meetup is designed for beginning to advanced investors who would like additional strategies when constructing deals.All aspects of real estate investing will be covered including (but not limited to) - Wholesaling, Flipping, Buy and Hold and Commercial with an emphasis on Creative Financing.

You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.