It's also worth noting that, given my community development background, the intent is to help them refi into traditional financing after they've established a payment history.

If you ARE occupying, you'll need to be able to qualify using your income, employment history and DTI.

If you're interested, his hobbies include history of mankind, culture and classical prose of China and Japan. 

Stick with sponsors who specialize in a specific niche and have a proven history of success.

Landlords would be free to take chances on irresponsible people with bad histories. 

Quote from @Jordan Ray: Quote from @Jamie Parker: This past weekend I was driving with my mom and daughter looking at properties in the Memphis Area.

I predict that the guys who are fully leveraged and cash flowing $100 per month will be motivated sellers when the next big correction happens.actually its either them or they walk and its their lenders selling that is what happened in that time period.. and was pronounced in certain markets.for me personally  I don't want to risk  my credit and finances and borrow 75k to make 1200 a year... or even 2400 a year if its a market that has a history of no appreciation and I don't feel there is going to be any significant appreciation.. 2 to 3% a year does not cut it.but I will take 500 a month negative or 10k a month negative if I think there are huge gains at the other end.. 

It also serves as a great example of what I tell my college age daughters - email/text is a very hard place to have serious conversations without at least one person getting rubbed the wrong way by what can be inadvertent phrasing by the other party. 

Would you have your daughter or son living with rodents, roaches, etc???

We’ve since implemented stricter due diligence practices, like deeper tenant screening, verifying payment histories, and cross-checking financials with third-party records.