the higher the tier you are in, the better your rate will be on your loan.For real estate, Fannie Mae has these guidelines published:https://selling-guide.fanniema...For other banks it is just up to their individual lending standards.  

Here’s why:Professionalism and ExpertiseNARPM members adhere to strict ethical and professional standards.

Another pitfall is under improving properties in low income areas believing that since its a depressed area in terms of income the people will not have high standards. 

From the research I’ve done, we wouldn’t have enough saved to put the standard 20-30% down without the sale of the flip, and we are over the income limit for a USDA loan.

@Ken Boone That's interesting - after doing a little more research it sounds like you have the "Standard" connection to VRBO and I have the "Upgraded".

We are a full service, higher standard PM company for Intentional Investors looking to hold their investment properties long term just in the Columbus area.

. - Yes, we monitor Insurance as part of standard loan servicing.

This is not to say you can expect an Agent to catch everything and we are by no means inspectors or contractors, but anyone helping you purchase a rental property should have a basic understanding of rental standards to put out a good product that will attract a good tenant. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.

It is extremely hard for the average person to afford a standard home, car, and investment property without any debt.

You can use a standard purchase agreement.