It takes 2-3 years to get it off the ground and adding investing in the mix would be too much.

Mortgage Balance: $430,000 Monthly Mortgage Payment: $3,100 Current Rent: $4,100/month (below market rate, planning to gradually adjust it during yearly renewal to eventually catch up to the market rate) Appraised Value: $900,000 (purchased for $657,000 8 yrs ago) Managed by a property manager Loan assumableProperty B: Located in VA.

At every single point in history, people think that the market as it is then, is so hard, and so expensive to get into.

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@Jim LynchSome typical minimum tenant screening requirements look like the following, but it depends on your market:-Renter has a gross monthly income of 3x more than the monthly rent-Minimum credit score of 650-Renter must have no prior evictions-No felons (or other notable criminal history)There are a number of different tenant screening softwares out there such as Zillow Rental Manager, TransUnion SmartMove, etc.Be sure to complete an employment verification by contacting the renter's employer and confirm the details they shared with you, landlord verification (if they have a previous landlord), credit check, and background check.

Not because we had failed - this was a four-year resident entering their fifth year on the property when they got into financial trouble. 

Anyone contemplating the types of services some of these providers offer (sometimes into the tens of thousands of dollars) should first be able to articulate why the services are needed and how they will benefit from them.

Fixed at 3.5 for ten years variable after that up to 10.50 with 2 point max every two years.

The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

I've ben using RentVine for about two years now and am very happy with it.