Quick overview of CalHFA:-Up to $40K, but about $2K taken out for mgmt of program, and also this is considered taxable income-Can be applied to soft costs and pre-development, e.g. plans, permits, survey, soils report, possibly trenching-Must be owner occupied, household income limits apply, see here-Program prefers to pay vendors directly, so try to work with a team that is willing to provide invoices for you to submit to program-Apply hereThe program is quite new and there are a lot of kinks being worked out, but we have several clients who have had their escrow accounts funded so far.

Fewer, however, said their household income is significantly higher than it was a year ago.With the housing market now in its historically slow winter season, some agents are reporting activity is “frozen.”

Complete inspection can not be done due to tenants household good present at the time of inspection. 

It comes down to job security and household formation.

This map of New Jersey household income could be one starting point.

People are consolidating households.  

We state 3X rent for household income is required.

Once you have a market selected or multiple, there are also specific areas or submarkets within the selected market that will be best suited to your investment strategy.When evaluating a specific area or submarket I think there are a lot of key factors to consider:- Population and population growth- Average household income and income growth- Crime rates- What are the schools nearby like- # of Units under construction- Absorption rate- Rent growth- Vacancy rates- What employers are nearbyYou want to obviously be as educated as possible on the markets you are looking into so that you can identify the best deals.

Since both people's names are on the lease, I'm assuming both people need to sign the lease addendum.Or is it ok that just one person per household signs?

I have an apartment in Fort Worth where the median household income is $30k.