I'm pretty well versed/aware of the qualifications for the different types of permits (Type 1, 2, and 3) and have known about the writing on the wall for type 2 permit holders.

Sec 8 vouchers included.I'd go thru the same qualification you do on everyone else and then make your decision based on credit and other reports you get.

:) Having said that, I am currently taking a class on lease options and if you can aquire a property using this strategy it is no cash out of pocket, no mortgage qualifications and if it doesn't cash flow you can walk away.

We rent a house now so qualification for two loans is not an issue for us.

HI Jane,I know it is frustrating, I can tell you when I am sellin a house on rent to own, I get so many applications, I only talk to the ones that are close to my qualifications.

That being the case, I think there has to be better options for someone who is in need of funds.Reason I say that is if you have the qualifications to actually obtain VC money you most likely can secure easier money through a JV, line of credit, angel, hard money, etc.

If you are not paying all cash out of your own pocket, you need to make a "financed" offer and provide a pre-qualification letter from e lender.5.

Your tenant screening should be the same as anyone else, you are not making the qualification determination as to the voucher, you simply look at the amount qualified for and rent at that if you can or less.The magic formula is Top Secret, I'd have to shoot you if I told you, LOLBut it's based on the housing costs of the statistical metropolitan area, the MSA as established by HUD.

Got married mid-2012.

I've been buying foreclosures on the cheap, renovating them, renting them out, and then getting cash-out mortgages on them based upon my assets, credit, salary etc.

I'm curious as to whether I ...

Or, can you cite a reference on the qualifications?