Colorado has very low limits (near the detection limit) for meth so it's a real challenge.

It offers low/no down payment and lower rates, ideal for hands-on management.DSCR Loan (Long-Distance): Start now by using a DSCR loan, qualifying based on the property's income.

We had to have 3 major things done while we had it rented out. 1.The fridge went out so we ordered a delivery and haul away service from Lowes. 2.The oven went out and we also ordered a delivery and haul away service from Lowes. 3.

buy low, no exceptions. 

But if you only have one rental and its tight on cash and low on equity, I don't know that I like that as much.

Due to the low dollar value of the loan, I was unable to secure DSCR funding or any business funding for said property. 

And the 30% ratio does not work well in extremely low income area, you need to assess closer to 20 or 25% of income. 

This is because you have a very low barrier to entry with the downpayment, and you know your neighborhood better than any other!

Also have a low interest mortgage (less than 3%), 43K annual NOI, potential equity of 600K and since owning it for almost 20yrs have never had any issues renting out any of the units [longest turnover was 2 weeks to find a new tenant]. 

I have kept the rent relatively low for this tenant for 7 years due to the ongoing pity story and pressure from the management.