Remember, this is ONLY if the units arent on their program.So, why wouldn't I put all my units on the program?

FHA is for sure not going to be an option for him, last option is purchasing from an investor with owner financing, or lease to own program where he will not need traditional financing. 

I've since created a similar program within my office and it's a profit center.

If the revision doesn't go through but you are confident about comps, it may make sense to get a new appraisal with a different program!

Hi Umesh - I am looking at this program also.

LLC/ Corporation documentation (Must be a US based corporation or LLC) Most lenders may require a minimum credit score of 650 for this program if the borrower has US credit. 

I wonder how long Aircover will last and continues its amazing program. 

This criteria is for 1-4 and 5-8 unit programs.

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.

.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.