I've had an extensive history of renting to people who mostly are either out of the house or in their bedrooms, so I often felt like I was alone even in a 5 BR house with 4 roommates.

Hey James,I completely understand the concern, I would want to work with someone who understands the guidelines well, as they are extensive.

:) Happy to help, I have extensive experience there.

In some states sellers can collect EMD no matter what, but in MD for instance you are entitled to get your EMD back if you acted in good faith and still had your loan denied.

so the way you do it is : buy/rehab primary-->rent it out -->collect lease -->HELOC it---->apply primary with showing the lease so DTI reduced-->continue or sell after 2 years , you can mix/match between the two, basically for every primary, your job is to make sure you have Dscr>1.0 and keep moving.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

At any rate: the collective group is thriving.

Maybe he sends it to collections and you don’t pay and just constantly challenge it so he can’t really collect—maybe he sees pennies on the dollars.

It's hard to answer outright without knowing a few more things about you - but I believe both VA and FHA require you to live in the properties which may become a problem if you need to do extensive repairs.

(I don’t collect last month’s rent but if I did I would have noted in the lease I was going to deposit it.)