People with bad credit are penalized by the availability, amount, and cost of capital.

I mean how you you like to earn up to 160% on your money year in and year out, it is not bad really but it is different than working so hard to earn 12% to 17% through renting your properties out and dealing with all the management required.

@Gabriel EhrlichThey are interested in everything ... rentals, flips, new construction, multi-families.That is a pretty wide range of choices.

So, most are looking for a renovated home.Yes, not everyone will like the choices made in the rehab, but they technically don't have to make any changes.

With bad credit and little to no cash, what steps must I take to attain a rental property

It could become a bad scenario at the end or someone who really needs the time. always cover yourself for either scenario. best of luck and keep us updated.

I'm looking at some of these houses being badly/cheaply rehabbed and think : really ?

I figured it was a bad idea.

I feel like there has to be a ton of bad deals out there you just never hear about.

@Neel Jain - It is going to pass for sure and it is going to be bad news for Owner Occupants and Tenants as Prices drop and Rental options disappear as Mom and Pop landlord push a lot more inventory to the market.