Has anyone used any of the apps that allow the tenants to split payments, but still send the rent to you as a single payment?  My tenant is asking about Rent app, flex app, zenbase, livble.  Wondering about putting my...

Given the figures youre providing, youre probably getting hit with a restriction on LTV and loan size due to the debt service (or lack thereof).

The solution was to pre-lease the unit your living in collect security deposit in first months rent.

You threaten em with whatever, collections or small claims court, whatever. 

We were hoping to get agency debt on this to get the best rate.

Property owners are a prime source for collecting revenue.

FDCPA controls debt collection and makes sure that buyers  of defaulted debt don't threaten borrowers with violence , phone calls in the middle of the night and non-existent jail sentences for failure to repay.

But once Airbnb agrees to collect and remit taxes on behalf of owners, it puts everyone on equal footing. 

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

I signed up for a free account to collect rent and use them as my dedicated bank account for my LLC.