See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Consider the administrative costs of maintaining an LLC before proceeding.

We also have two newer houses that are fairly trouble free.

Keeping the cashflow seems like a more fair proposition for me and for the investor.I have more to consider, but your post was very helpful, so thank you!

I have already created a single member LLC in my name (husband) and the attorney said that it would be fine to proceed this way and that it would allow me to self-manage and maintain liability protection.

It feels much more decent and way better maintained on the street.

The safe harbor requires the Exchanger to have owned it for twenty-four months immediately before the exchange, and within each of those two 12-month periods the Exchanger must have 1) rented the unit at fair market rental for fourteen or more days, and 2) restricted personal use to the greater of fourteen days or ten percent of the number of days that it was rented at fair market rental within that 12-month period.

In fairness to her, he was not looking like CEO material.

and will have to deal with some fairly unique challenges.You'll probably have more success in Fenton, Holly, Independence Twp or Waterford.Read below for some basic copy & paste advice that may help you.

Batch is worse, Sherpa is fairly comparable.