Bigger discount rate (60-75% of note principal balance) will apply to notes that are: new note, no payment history, low interest rate under 7-8%, long term (over 15 years), paperwork issues (dod frank compliance for ex.), undesirable markets, long foreclosure states, and few others. 

Doing this will give you a better understanding of how being a landlord works and will also start to build you history and network some.

You are going to want to verify income and rental history at minimum and learn how to evict non-paying tenants if you intend to manage yourself.

This year in July we asked the association if we can lease the property for three to four years, as we loved the house and would like to move here once our daughter finished high school in St.

Redfin (and probably most other sites) will show you the history.

The NASB rates were a bit higher than expected:The loan amount is determined by the property condition, cash flow, retirement reserves, and recent property history.

My current thoughts are:I really want to flip houses and would love to get involved in that.I've wanted to buy my first house for years now but knew I wouldn't get a mortgage loan (because of spotty work history through college).

Probably not a great deal but you are helping someone out and buying a house where you know the history is good.

I choose the tenant based on credit and rental history without any set ratios as the quality of applications varies from one neighborhood to the next.

I am always seeking new ways to provide and abundant life of health wealth love and happiness for myself and my daughters .