When you combine these questions with the other guidance above, you put yourself in a position to rent your property to a tenant you can trust.This post originally appeared on the BiggerPockets blog.

I am no longer auto-declining people due to the sub-600 scores, rather allotting a lower "point value" based on the lower ranges in our objective screening process. 

: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.

I don't know if the property was originally built as a 2 bedroom and somewhere along the lines another bedroom was added but not recorded for whatever reason.I had to file revised plans for my own property when I found it was not in accordance with county records and the changes would have to be approved.

A substantial portion of my real estate transactions 'work' because the borrower was paired with a lender offering unique qualification or feasible terms that meet or exceed the investors original ROI, COC, down payment or general investment goals. 

Window AC is not the best because the property has the original windows, and most window units aren't made for historic windows with storms over them.I want to preserve the character of the property, so smaller units mounted in the ceiling will be the least noticeable.

Both options are Credit Unions - no points, no origination fee1.

: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.

Origination fee was about 7K, about 1.5-2 points, and a transfer fee since the loan was being moved from one name to an LLC.

The formula for your taxable amount is the difference between your net sale (contract price minus closing costs) and your adjusted cost basis (original purchase price plus capital improvements minus depreciation).