Focus on finding a replacement with strong tenant screening processes and performance guarantees.

brand=CMP&a...The owners of these lots should have gotten their money back by now.

There is certainly a strong correlation to credit score and tenant performance.

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

For instance in the real world.. i bought 12 brand new constructions back in the Katrina days .. this was in the top county in Mississippi they ranged 150k to 225k each..

HUD performed extensive due diligence on us, and had to approve us as buyer's and our management company and mangers.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Haha, but you know what they say - past performance is no guarantee of future results. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

But always remember that RE is a risky venture, and you could go through years of less than stellar performance.