@Matthew C. several thoughts:1) Appears you have a Class C or D property. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

I just messaged him :)

@Jacklyn Robins not trying to be difficult, but how many Class C or D properties do you have besides this one?

I’m here to connect, learn, and share what I pick up along the way as I (probably awkwardly) work toward financial freedom.

@Kelly Pintos Of course I am partial to Kansas City.

Managing Class C & D properties is NOT for every PMC!

We don't recommend "newbies" start out with Class D properties.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

It's mostly Class A properties, a few Class B.You may find the below copy & paste info useful in addressing your question:----------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

That way I can use it when I need it and pay it down when I don't.