The rubber is finally hitting the road two months after contracting chronic real estate fever.  

I have 2-3 that are chronically late in paying rent, but one is a Section 8 and the other two are people I should never have let rent based on income.

A lot of the value you provide will be your ability to organize the chronically disorganized.Priorities: In the case of realtors, for instance.

I decided this year to reinstate my CA license after my daughter was diagnosed with a rare chronic illness. 

We operate a Turnkey business in Cleveland, Ohio, however, the following theories I think hold true anywhere in the country, perhaps even the world.You want to connect yourself with experienced people that are familiar with the local market or the immediate market you are consideringCheap properties will inherently normally carry a little higher riskDo not cut corners on your renovations, you do not want to deal with chronic maintenanceBe patient when placing and screening tenants, the better quality tenant = longer stay/less turnover, timely payments, care for property betterYou want to find a reputable and sophisticated licensed property manager = huge weight on the success of your hold SFRHopefully this helps you get moving in the right direction, if you want to chat or have any other questions feel free to inbox me or call me.Good Luck!

I had one chronic one before that who's job had the salary cut about 40% due to the oil field slowdown. 

My DTI is too high (child support will be a chronic hurdle) .I'm looking at bringing in other friends to be names on the loan.

their chronic tardiness along with the unknown number of occupants along with your concerns of drug use is a recipe for disaster.  

If the property needs to be renovated to be rent ready do not cut corners on the renovations, you do not want to deal with chronic maintenance issues in the long run.Make sure you screen the tenants, the better quality tenant = longer lease term / less turnover, pays on time, and normally will take better care of property.You want to find a transparent and reputable property manager with boots on the ground = this can be a huge factor in having a successful real estate investment.

The credit history will allow you to see if a lower score is the result of a single traumatic event (divorce, job loss, etc) or a chronic pattern of not being able to manage finances.