Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.

However, we concluded that we won't go for that property because the population and rent is decreasing that area.  

What is the population trend of the location?

Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.

In Fayetteville you have relatively inexpensive houses in an area with a high rental population due to Fort Bragg.

It supports the local wolf population and other animals but not people.

In the meantime, expenses such as debt payments, taxes, insurance, and maintenance persist.Characteristics of a City That Enables Financial IndependenceTo maximize your chances of achieving financial independence through real estate, focus on cities exhibiting the following characteristics:Significant and Sustained Population Growth: Rental rates are driven by supply and demand.

Raleigh has strong rental demand due to its growing job market, universities, and overall population growth.

The populations of once small town just outside of town are booming.

Metro, the rising median household income and population growth in the D.C.