I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

or scammed them on their application fee (like we're going to make a ton of money off those).

Supported by assorted support services related to disaster relief for those applicable parts.

However, it's important to note that this is only applicable within the city limits.

Review the quality of the tenant base (do they have a history of paying on time, what were the original screening criteria, do they have applications on file).

(Do you really want an applicant who can and wants to move in tomorrow?

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Because FF is not a booking platform, make sure you follow all applicable fair housing laws when talking to potential residents.5.

Most lenders will use the middle of your three credit scores and if there's more than one applicant, the lender will go with the lower of the two credit scores.

Within the last 2 months, I've been approached by numerous investors asking if I do rent by room which I currently do not.