A background check can uncover criminal history, past evictions, judgments, or liens, which could indicate issues beyond just financial stability.Even if rent payments are guaranteed, the applicant will still be living in your property, so knowing their rental history and overall reliability is just as important.

Everyone today seems to have a course or preach about financial freedom, passive investing, and how real estate provides passive income—but let’s be real, it’s not all rainbows and unicorns.For those of us in this full-time, we know the reality: long hours, unexpected headaches, wearing many hats, getting yelled out and tasks we dread but have to do anyway.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

Quote from @Mitzi Cil: Has anyone ever worked with Rehab Financial Group?

I have an accounting degree, can read financial statements, and can give light advisory based on financials because I've been in the REI space for a decade now.

Ideally, the best option from a financial point of view would be to go through a local community bank.

Housing Authority's also verify their assets, and family composition to ensure that only those who genuinely need financial help are granted vouchers, but they do not assess whether the family will be good tenants.Suitability: The Landlord’s RoleThe Housing Authority’s involvement does not extend to assessing the suitability of the Section 8 family.

We have strict financial criteria we use to ensure this and can prove time and again that our criteria work.

One, my wife and I were recently looking around for our first place to own, and the financial side of it seemed rather rough for NYC.

************************************"As home prices climbed, the Federal Housing Administration insured more loans to financially stretched borrowers with as little as 3.5% down.