The website I purchased has stable income with a large positive cash flow which will help me feed my family and get through what is coming.

However, going back to my article this is way local research is key and focusing on stable vacation areas is best. 

And the people who were able to get loans in the last several years had to go through a difficult process of proving to the bank that they could repay the loans so the borrowers were more financially stable then the average borrower of 2006 to 2010.  

Having 20 units in a D class area where have of the properties are falling apart and the value of the combined portfolio is 1M is not as impressive as 4 units in a solid A class area that have plenty of potential of improving in value and provide solid and stable returns. 

Currently, the rental income would not cover the mortgage payments, but I'm considering refinancing if interest rates decrease (possibly conventional to free up VA entitlement) as well as adding a fifth bedroom to increase rental income.My Plans: I intend to retain the NC property due to a stable tenant with a recently renewed year-long lease.

Here are some key considerations and potential pitfalls to keep in mind as you plan this approach:Market Research and Property Selection:Local Market Conditions: Ensure that the Tahoe area's real estate market is stable or appreciating.

We've got stable W2's and good credit.I do own OOS rentals that I acquired over the past few years.

. * 6 month comps - this is usually a good rule of thumb in a typical stable market, but can be somewhat confusing in a faster moving market.

Lenders will be looking for stable income over an extended period of time, and you can actually use your 4 years of college in addition to your current job as qualification to your first mortgage. 

 I think changing from a “don’t rock the boat, keep rents stable for ‘good tenants’ ” mindset to a Vacancies aren’t the worst thing on the planet mindset as paid off in spades.