However, the Section 8 tenant I was moving in had a 4 year old and they flagged it and I ended up having to scrape and paint it to get approved for them to move in.

That was when all the red flags started coming.

I'm trying to plan this out as well as possible to avoid any issues down the road.I've seen the stories where people run into issues meeting this requirement and get scrutiny from the IRS, to me it seems the two biggest red flags might be when they hire a property manager and also when they rarely go out to the property to work on it themselves, always relying on contractors.

And half of American renter households spend at least 30% of their income on housing, which is up sharply since 2000, according to Harvard University’s Joint Center for Housing Studies.

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

Applicants offering to pay a year of rent upfront is a red flag.

For more info, my family is in the middle class and are working through the typical American Dream.

Do you know that most people have about $1k in their bank accounts and the average american has about $5k in CC debt… You are doing well my friend and time you appreciate yourself for it!  

If they are under 600 we consider it a red flag but not an immediate denial.

@Jamie Parker we've got a lot of this already setup for investors in Detroit, so please PM us.Otherwise, the BP Moderators flag our posts for self-promotion:(