But we dont go down the chain to see if the roofer is paying his shingles bill though /  Having Subs you can trust is paramount in this business.. cheap is not always what you waant you want subs that are making money and pay their bills and have credit..

Dedicate one checking account and credit card exclusively to real estate.

Credit is in order and I have a steady income.

At the moment with 3 rentals (6 total units), I have one account and a credit card associated with it.

Green card/Student/etc etc permits/visa. 

You can look into switching to a local credit union or portfolio lender, as they tend to be more flexible with regional policies.

Interest rates and cap rates change, competition changes, your PM ends up being horrible, lots of variables.Just to throw you a monkey wrench, in your killer spreadsheet does it include the credit score, income, and employer of every resident? 

A couple issues with Credit/income on paper.

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

After the initial inspection we sent a response to the inspection asking for $21,500 in seller credits to cover the roof and furnace (both needed replaced).