Quote from @Christopher Johnson: @Scott Trench - FALSE - DECEPTIVE POST - It's sad people resort to this online bullying, invasion of privacy, attacking our staff, and clearly attempts to blackmail us for $. 

NFIP Insurance: Get quotes from private flood insurers as well as the National Flood Insurance Program (NFIP).

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

I'd have suggested a down payment assistance program for your first purchase.

@Jorge Abreu - He used to work for elevate did he not (I believe that is what it said online before he scrubbed his linkedin)? 

I attended the RALA 3-day training in Phoenix and took a couple of online courses as well, and while I found these courses to be very valuable in helping get a clearer understanding of the space and what it might take to be successful, I eventually I found it most beneficial to bring in a partner/advisor who has built residential assisted living facilities here in Texas and has been running them successfully.

The property can be unappealing in some way shape or form, old, derogated, who knows maybe there was a murder there several years ago and people can look up that information online?

Now I found one that specializes in real estate investors that was recommended by an online mentor.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

A property manager that can assist with rent collection, tenant screening, maintenance, and run an online ledger for us to track expenses.