Ask your CC or mortgage company if they care why you were late. ..

Here’s a deal in WACO that i want to place an offer:CLASS - C/C+Units - 14 + duplex = 16Mix - 2 BED 1 Bath Rents = 575 averageCap rate 9.2 % actual (Or So they say)Previous owners bought it for $545k List price = $680KAll bills paid communityTotal operating expenses -$55kNOI = $62KCash flow is around $2.4K / month100% occupied with rent roll6mins from a a good university Numbers check out on paper, value add opportunity is also there.

I do own properties in some C/C- neighborhoods in other states where similar issue with tenants not keeping up with rents at times.I actually use Real Property Management to manage my properties in Sugarland and Richmond areas of Houston. 

The answer is turnover costs (different than repairs, vacancy, etc). 60k houses rent to C/C+ residents.

Even those zero interest CC's can come back and haunt you.

MY agent replied and cc me. 

@Alex Young I would say it's probably c-, c+ at best.

If you have equity use to pay off all credit cards, if no equity short sell and pay off smallest cc balances first and snowball to the nextGet rid of both cars, plenty of cheap beaters or if you need a nicer car for ubet/lyft then downgrade the expensive one, get a focus or civic, roll the 7k into the loan and it should at least cut the payment in halfGet rid of cable and anything that is considered a want. 

If you have CC debt pay that off first if you have student loan debt look at the interest rate and if it is higher than the return you could get on a rental property pay it off too. 

(I didn’t trust cc’s, so I avoided them) but my score is improving slowly.