Check out this chart: 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 CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

At least 3 and then go out and meet them.

Love that you’re thinking ahead—getting your income lined up now will make buying way easier.Lenders want stable, verifiable income, so a W-2 job in Arizona is your best bet.

I’m curious, what’s been the biggest hurdle for you when it comes to securing funding for your real estate projects?

You can live in one unit and rent out the other three.

The best-case scenario is 80% cash-out (your dscr and credit have to be solid).

Check out some AirBnb monthly comps in your neighborhood to see if it is worth the upfront furnishing costs, monthly utilities and other expenses like professional cleaning and landscaping. 

If you are open to house hacking, you could even go FHA with just 3.5 percent down if you live in one of the units.If you prefer a safer play, you could use the $30K to pay down your cash-out refi.

If anyone has experience or tips to share, I’d really appreciate it!

She moved out a few days before the court hearing, so I canceled the eviction and sent her to collections for nearly $13,000.Fast forward 10 months.