The mobile homes can typically all go towards 5 year property, which is fantastic.

But typically any conventional loan with less than 20% down payment you'll have mortgage insurance, but can either be borrower-paid or lender-paid.It's always good to review your situation with a lender, so you know your qualifications and budget.  

Typically each brokerage sets a minimum broker administrative commission (Also known as a BAC fee) that gets paid by buyer or seller (both sides will have one paid by the client). 

Whereas with our DSCR we only require reserves on the subject property, typically 3 months for loan amounts =<$500,000, and 6 months for loan amount over $500,000. 

: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.

Make sure you're listed on those 2 sites so those individuals can find your property.And I agree with Colleen, a 3 bed won't get many healthcare professionals who typically travel by themselves.

: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.

When it’s vacant land you typically do not carry instance on land.2.

A good rule of thumb is to ensure that the tenant’s income is at least three times the monthly rent to ensure they can comfortably afford it.The process typically starts by collecting a rental application from the tenant that includes personal details, employment information, and rental history.

That is something we typically ask for if they don't have a SS.