Consequently, new single-family homes start at $550,000.The demographic we've targeted for over 16 years can only afford to rent homes priced between $350,000 and $475,000.

Of course, the final amount depends on additional factors like credit scores, DTI, LTV, and current interest rates.Check out BiggerPockets’ Rental Property Calculator to see if you can afford the investment.Financing OptionsFinancing most real estate investments requires a loan or mortgage.

HUD will only approve market rent and rent the tenant can afford which can be a limiting factor for you.  

First, you always wind up being in for more than you budget, always, and two if you are cutting the capital requirement needed close then you can go under and default.Truth be told, to get through a deal and afford: Down Payment, Closing Costs, Holding Costs, Deposit for contractor, taxes, insurance. 

@Ardin CychoszThis is where each party should get an attorneyA buyer and seller who both have no education or experience probably is not going to end well and you cannot have someone representing both of you.Get an attorney and if you cannot afford one then you should reconsider whether you can afford a home.

Who can afford a rehab  bill 30% even 40% higher then what has been an exploading cost environment. 

Hi Jasmine,A DSCR cash out refinance sounds like the best product for this.You can vest in an LLC and most DSCR lenders do not report on your personal credit report!

**Understand Section 8** - **Housing Choice Voucher Program**: Section 8, or the Housing Choice Voucher Program, helps low-income families afford housing by subsidizing rent.

Can you afford to either lose or tie up $50,000 to $100,000 for 5 years?

I personally like the Midwest for its affordability and cash flow potential.