Banks like JPMorgan Chase & Co. have begun the process of tightening their lending requirements in an effort to limit their exposure in the months ahead.

He truly thinks it is temporary and Chase alludes to the safe narrative in some of their PR statements:"Amy Bonitatibus, chief marketing officer for JPMorgan’s home lending service, called it a “temporary” change that would allow the bank to focus on existing customers." https://therealdeal.com/2020/04/13/700-credit-score-and-20-down-jpmorgan-ups-home-loan-standards/I buy some of that.  

The PM company is dealing with it and will handle recouping the penalty (2 months rent), not something we would want to mess with.I could give you a lot more detail on this option and our experience looking into several major TK companies if you want to PM me.Whatever path you choose, be deliberate, do your due diligence, and remember, there are no right or wrong decisions.

What if every lender goes JP Morgan and requires 20% down and top shelf credit scores (he mentioned he's in first-time buyer range). 

I read an article the other day that JP Morgan increased their lending criteria from 620 credit score and 3% down to 700 credit score and 20% down!

#2 Be more deliberate about the way I finance deals.

#2 Be more deliberate about the way I finance deals.

You just have to be really deliberate about building a solid team you can trust...and someone in that market to hold that team accountable. 

I seek out tenants with animals deliberately they stay much longer and I frankly have never had any damage

We've seen a lot of Detroit PMC's deliberately break a big job down and send multiple bills under the threshold, so they can bill without owner approval.