On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

Fico while they will look these are not credit score driven loans like those buying rental houses or houses to live in...

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. 

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? 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.

And don’t sleep on local banks or credit unions—they sometimes offer flexible portfolio loans that could work for a deal like this.Since your wife qualifies as a first-time homebuyer, check out any state-specific programs or HUD options for down payment assistance.

Thats your bonafides to being able to do future deals.As mentioned above, keep your credit perfect.

@Vijay Singh SambasivamI would suggest speaking to local banks, and credit unions.

The rise in home equity over the years can be credited to two key factors:1.