Reports to credit bureaus.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.

Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.  

More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

Do you have an idea of the total tax credits?

We have about 1/3 to 1/2 of a down saved at the moment, have a 755 Credit score, and are feeling good.

Your fixed costs could be something like the following: $5k property tax, $2k insurance, $3k utility (including internet and TV), $2k landscaping (mowing, weeding), $2k or $3k maintenance (if you have a pool or hot tub). 

I do direct booking through the Houfy website, taking credit card payment by Square.