My main goal is it be able to retire at age 40 from my main job and work entirely on my real estate portfolio.

Also, he knew one of his guys had done a bad job on the kitchen tiling and was planning to redo it.

I know, I get a lot of different kinds of checks because I work with corporations, schools, banks, jobs, etc.

My wife and I have good W2 jobs currently so we get better terms with traditional lending in comparison to DSCR lending. 

Vitaliy, gave you solid advice and did a good job of explaining some of the key issues.

The seller had a military contractor job with security clearance.

Credit, jobs, income, age, married, plans for future all this matters.

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

It’s super important you prioritize the end product: something that gets the job done well as an STR.  

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.