… heck ya… but I was more scared of being stuck in the same place and losing money on this new rental I just launched, I was a 100% newbie)I personally came into the mentorship program just to learn how to get travel nurses in my rentals (at the time it was my 1st rental property) . 

The combined loan to value (CLTV) has to be no more then 95% for most programs.

Hi Tim,I've seen rates in the high 7s to high 8's for full doc programs if the property debt covers, high FICO, liquidity and property qualifies.

If you want to operate a functioning business and make money in this industry the regulations should excite you.

Tenants don't see any difference between a den and a bedroom as long as it's a functional living space, so you won't run into any issues thereIt's unlikely that you would have to pump out the system more than normal with standard usage, but one thing I would recommend is to always ensure your septic alarm is fully operational.

@Jayden Gales- thanks ..if you havent already done so - get  formally pre approved with a lender that offers the programs you are considering ...getting pre approved  will help you become educated / prepared  for the next step .

Prospective renters will let you know if the property is priced too high, needs work, or the property has some functional issues that's keeping them from submitting applications.

Yardi-Voyager is the flagship software program, and you definitely want to find a company using that program and not one of the older/legacy systems that predate it.

Renters, ESPECIALLY those who know they are only looking to rent for a finite period are generally focused on function over aesthetics.

Is it possible for me to purchase a mobile home in this neighborhood then rent it out to the section 8 program even if I as the landlord own the mobile home but have to rent the land the mobil home sits on from the lot owner?