I use a traditional California lease and than I have altered it over time.

@Tina Caroll Have you considered getting a 3rd party translator?

@Sharon Tzib When you say you weren't getting premium rent, does that translate to not earning market value rent?

My fiance and I started a flipping house business and I also started a freelance translating business to make some money while working on my first flipping house project.

If its a well run building that is stabilized (i.e, vacancies are about what you would expect them to be in the area) that would translate into gross scheduled rents of about $14000 a month.

Even if the applicant had the cash for the deposit, unemployed or underemployed applicants won't have sufficient funds for their portion of rent or for utilities.As long as you are applying your 3x rent/income requirement to all applicants, there must be a way to translate it to S8 recipients.

He doesn't alter it, or see it.

It's like how can I relate what I'm doing so that it will translate into a language they can understand?

Also it sounds like it is a little bit more complex to get 5+ loans anyways, and also more small properties translate to more management / rental issues and generally more effort from my side.So I am basically leaning towards option 1.

Ill keep you guys updated as Im sure I will have plenty of questions.Are you altering your business plans at all?