Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

What would be the best loan option for purchasing another property under my name that I’ll be moving into as my new primary residence? 

I am currently under contract with a wholesale deal that was to close on Monday.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

If it is the going rate in the area, you are most likely okay to proceed as you stated that your rental rate was under market by 20%. 

If you are set on closing under your personal name, you definitely want to check with your lender on that during the initial fact-finding stage. 

Its under the Events of Default Clause that the holder of the note would rely on a remedy.

Are you under investigation or review by the SEC2.

I currently have this property under contract, expected to close within 3 weeks.

A chunk of my assets is under Merrill Lynch management.