Then you wind up with units in your park that default on lot rent and cannot afford to move the trailer. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The agent will issue you a cert with you named, and you will be notified if they default or cancel the policy.

Ended up getting a default judgement against him but he, of course, has ignored everything and not repaid a cent.

it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.

And this can cause a catastrophic default on the debt.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

By default they already have a realtor they like and trust.

The house is comfortable renting out to 2 tenants with their own bedrooms and an extra fridge.2) You should wait until after this COVID bust. 30% of mortgages in the United States were laid or in default in April / May.

I have taken courses on buying tax defaulted deeds at auction so my plans are to buy 40, 50 60 cents on the dollar.