Hi, I'm in the process of deciding between two mortgage options for a loan amount of $180,000 with a 30-year fixed-rate term, and I’d love some insight from the community.

Thank you for taking the time to reply and for the detailed insights – I really appreciate it!

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Would love to hear your insights on these developments!

That has given us some insight into our local market (a small city of 100k in the South).

Any insight would be helpful. 

There are many threads like this where lots of folks share insights.

I am on the board of an organization that has advocated legislation on behalf of landlords for now 50 years in Wisconsin (RPAWI .org) and have some insights into landlord-tenant laws.

Thank you all for the valuable insights.

Without knowing the cap rates of other MFHs nearby, there's not much objective insight to be gained there.Good luck!