@Grace Norton adding to what's been written already, you'll want to get a 2-year work history for both.To consistently pay rent, requires consistent income, which requires consistent employment.Pretty simple concept!

However, with a SFH you will lower your standards when vacancy arises more than one month as you have no income coming in to male that payment.  

Is this structure standard, though, in terms of capping investor returns at 12%?  

They were not terrible, some people would call them C minus, and it wasn't even that much about financial considerations at the time (appreciation was not a thing back then in Milwaukee) but just not what I wanted to own or manage, so I sold them to them tenants - after quite a bit of financial coaching to get them to qualify for a loan.My standard advice is always to buy the best quality property you can afford.

If you're seeing a charge, shoot me a direct message with the email on your account and I'll be sure to help out :)Also, although our official refund policy is consistent with the industry standard of not refunding after purchase, we actually do often break that policy as long as someone reaches out the same day.

A detailed system for each project level and payment plan for work that gets done to proper standards should show the contractor that you mean business.I believe I'd follow the system described by one of the contributors to this discussion, Tom Shallcross a few days ago.

We go by a simple concept, just do what you agreed too in the contract, nothing more, nothing less - if that happens then we all win.

A lot of this content was produced in the mid stages of a vacation rental frenzy, and those concepts don’t necessarily work any more.

These are just standard mortgage notes, many made by CitiFinancial.

@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?