With that said, there is a difference between a 19-year-old not having credit...probably because he is too young to have really established much or anything yet...and people who have chosen to live without financing things. 

They've always chosen to stay at all my properties so I give them a deadline to return the new lease and we are good to go.

I could just imagine the scenario where the young couple with a better W2 doesn't get chosen over granny with a social security payment and make the argument that (on paper) they are a better qualified tenant. 

(profits would be proportional to initial investment amounts)- Plus a small percentage of profits from subsequent completed projects (Have chosen a percentage yet somewhere between .5% and 2.5%)So basically this business model would be greatly similar to that of a publicly traded company with shareholders.I know that i would need to be careful of how many partners I would invite into the LLC otherwise I meant end up owing more than %100 of profits to the S.C. members may main concerns are...1.

Sounds like for LL in those areas it becomes a dance you have to do in order to not "discriminate" and allow them to apply, while all the while knowing that there is a bonafide reason you have chosen to not get Sec 8 qualified, and allow the process to be what weeds those tenants out.

I'm in Nashville and have definitely chosen to take between 1% - 1.5% on slightly nicer properties.

Your tenants should not be your chosen charity.

My business partner and I have chosen RESimpli as the CRM for our new wholesaling business.

My investment ratios are 40% towards real estate, 20% stocks, 20% crypto and 20% back into the business which allows me to grow the quickest.

Their management fees were 7-8% of rents collected depending on the property type and they negotiate these fees with the chosen management company in each market.