Credit Score: A credit score of 650 or higher is required.

The Midwest has not one thing that is overly amazing, but it scores reasonably well in every single category.

The sub 550 credit score people come out of the woodwork to apply for this home. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

If so, then sometimes you take some of the lesser deals just to grow.   

Sorting through all the sub-600 FICO score applicants, dealing with nonpaying tenants who are always breaking things and more, doesn't seem to be compatible with the flat fee model.Be interested to know of any flat fee PMC's successfully making it happen with Class C & D properties/tenants...

What minimum credit score?

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score.