As an example, they had:- Solid work & rental history (10 years in their current rental)- More than sufficient income (I require 3x rent but they had about 7x)- No prior evictions (this is a hard rule I will never waiver on)- Positive overall credit picture (not a single late payment on any of their accounts when I ran their credit), plus credit scores for both spouses in the mid/upper 700sSo, although I can't see into the future, it just isn't likely to me that applicants like this are going to get into my property and suddenly start paying bills late (or not at all) for the first time in their lives and tank their credit or risk an eviction. 

They have never owned a single rental between the two of them prior to this deal.

My new mortgage on my main residence has a higher monthly interest expense now (after the refi), than it did prior to the cashout refi.

Important notice Prior to settlement, a ll parties must notify our Trident Land Settlement Officers in advance of closing, if any of the following apply to any person planning to attend: ● A diagnosis (positive test result) for COVID-19 ● A pending test for COVID-19 ● Under Quarantine by direction of a healthcare provider ● Traveled by them or a household member in the past 1 4 days to anywhere designated as having widespread sustained spread b y the Centers for Disease Control & Prevention Geographic Risk Assessment tool: https://www.cdc.gov/coronaviru

Also, if there is a contractor that would do that whom you don’t have a prior relationship with, then he is probably not very good or he would be busy.A suggestion might be to determine where you want to invest first, then start connecting with other investors in that area.

Some of our residents have agreed to assist us in taking photos/videos of the interior of their units to aid with virtual showings.Leasing typically begins to pickup in March/April, so we will see the full affects taking place in the next few weeks.I went under contract on a house prior to all of this and am still planning on moving forward. 

We've included the link for more information: (link)If you are still worried of not being able to pay next month's rent or any future rents and have exhausted all your options through borrowing from family members or other, we ask that you please send us an email prior to the rent's due date explaining your situation along with proper documentation.

The higher the sales price, the higher your closing costsCarrying costs: Monthly recurring costs including your mortgage, taxes, insurance, and utilitiesRenovation costs: Consider how much you need to spend if the multifamily property needs to be rehabbed prior to renting it outOngoing repair costs: These are variable costs and may pop up anytime something needs to be fixedTimeline: Your timeline is directly related to our budget and the longer a renovation takes, the higher your carrying costs are.

Also gonna put together a Facebook group with all my awesome prior boarders!

I put in nearly all contracts that the seller must maintain 95% of all rent collections prior to closing or the contract can be void.