Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I wanted to clarify that $2m was the collective asking price.

It amazes me the nice cars, clothes, and general stuff that my renters have compared to what I own. 

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

In some parts of the sun belt, I have been told that you can collect far higher rents doing Section-8 than you can regular Tenants.

It will cost the seller more time and energy to sue you than collect on the EMD.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Don’t have burlap cloth to keep wet. 

However, much of our document and data collection was handled by loan analyst Taylor Vassey.

I do know that the rent collected from my buddy and the tenant in the midterm rental will come close to, if not break even, with my mortgage, taxes, and insurance.