I have gotten 90% financing for more than 1 first timer because of their credit and the quality of the project.You need to be very liquid using credit unions for the purchases of shell houses cause the rehab will be on you. 

Our thesis is that there is a critical shortage of inexpensive but quality housing in the US.

Generally speaking, it’s been a great investment.

Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

**Property Inspection**: After submitting the RTA, HUD will schedule an inspection to ensure your property meets HUD’s Housing Quality Standards.

It’s not always a smooth ride, but those first bumps are where the real lessons hit hardest—speaking from experience—mistakes and all.

I did speak with one of them.

I explain they will have difficulty renting a quality unit, that I will ding their credit, that I will attempt to garnish their future income to recover what they owe.

It's a longer term hold play, so not much income to speak of this soon.

They often allude to me speaking with others as if it is expected. #2: If a broker brings me a deal off-market, am I going to link up with a different broker to ask as my buyers agent?