If you've got a good income and a good credit score your deposit is more like $1000.Why do these very sophisticated PM firms like Essex and Prometheus offer such easy low-cost move-ins?  

I know what it is at any given time, but I don't keep score...and I don't measure my returns based on percentages anyway. 

Since I’ve been lurking for quite a while I figured it was finally time to make a post and see if you knowledgeable folks could share your wisdom and help me break down some of these ideas and concepts to figure out the best plan to move forward with.Bit of background about me:31 years oldSingle (in a relationship but unmarried)20k student loan debt, no other debt 70k savings (20k more in Roth IRA but probably wouldn’t want to touch that since it’s for retirement)Stable full time office job - 70k/year 790 credit score Located in the greater Boston area of MACurrently renting and do not own any property Now that you have a little bit of background, I was hoping I could get advice on the best way to get started with something.

Since I’ve been lurking for quite a while I figured it was finally time to introduce myself and make a post to see if you knowledgeable folks could share your wisdom and help me break down some of these ideas and concepts so that I can figure out the best plan to move forward with.Bit of background about me:31 years oldSingle (in a relationship but unmarried)20k student loan debt, no other debt 70k saved (20k more in Roth IRA but probably wouldn't want to touch that since it's for retirement)Stable full time office job - 70k/year 790 credit score Located in the greater Boston area of MACurrently renting and do not own any property Now that you have a little bit of background, I was hoping I could get advice on the best way to get started with something.

I understand exactly what you are saying and that is definitely someone in my situation (With nothing but a beat up car, good credit score, and handful of investors) can use as a loop hole to afford such a down payment right out of college.

My credit score is between 647-650, I know FHA's minimum credit score is 580.

The problem is neither of us has a good income during school and I have good credit, but I have only had a credit score for a few months so we would probably need a cosign on a loan.

We both have an excellent credit score.

@Tahiv GranthamI usually look for one of the following:Low credit score Job history Tenant history In my opinion these three give a good idea of the kind of tenant your getting Low credit score If the tenant has a low credit score is it because of a short sale ?

Property turned out incredible and the buyers were super excited.