. :)If your future plan is to someday maybe rent out by the room, Fannie Mae will not go for that, since that would be a wide open door for people that don't have the income to qualify for what they want to just make up fictitious possible hypothetical future income sources that may or may not ever exist or pan out.

Look at the types of employers and the vast number of them that exist int he cities.

Inquiring if anyone had any experience or willing to share learning resources involving Investing in Rental Properties $70k and below with existing tenants.

@Bernie Granier As a real estate investor of several rental properties all being managed by property management companies, I am the one who bears the risk of the existing or the on-boarding of bad tenants, not the property managers.

I have requested financial and audit documents on numerous occasions and (insert presidents name here) has refused my requests and/or claims the documents do not exist.

When a borrower gets behind on payments, other categories go up, but the UPB stays where it is for NPNs.Corporate Advances- any recoverable fee that the lender makes to protect its interests under the terms of the note: forced place insurance or payments on the borrower's existing policy, property taxes, property inspections, fees paid to a trustee or attorney for foreclosure actions.Escrow Advances - if the borrower has an escrow account for property taxes and/or insurance, some lenders will differentiate these advances corporate advances.

I've seen hundreds of out of state investors buy existing rentals in OKC.

The quality of tenant is the variable, most people that need section 8 are good people who just haven't quite figured out how to improve their situation in life, they just want a place to live and will generally behave if they have a solid, clean, safe place to live.Make sure you check local laws and rules around section 8 so that you don't get yourself in hot water, perhaps get in touch with the existing owner/property manager and see what there experience has been with section 8 and especially the current tenants. 

Hey everyone,I have a Condo complex under contract (18 of 24 existing units) that would give me 75% ownership of the current HOA.

In the interest of future ownership and financing, new asphalt will be placed this spring.