Make sure you always follow this set of guidelines, that way you never find yourself looking at applicants and trying to decide between them.You are supposed to accept the first applicant that meets all of your qualifications! 

I have told each person that I will be reviewing all applications received that Saturday and will be chosen based on qualifications. 

There is NO WAY a prospective tenant can sue me for discrimination, which will not happen in my apts as I put in my own tenants.In my apts Here in Brooklyn, I have the world of all kinds of minorities and status, each of them I know very well and will stand up for my Character in Court.The diversity in my buildings are incredible and represents just about everyone.Also, because I provide them with great service and speak with them on occasions, anyone coming to my building who claims discrimination will be proven to be false as I probably already have that protected class in my building.The only commonality is that all the tenants meet a Qualification criteria of Credit, Income and other non-discriminatory criteria.BUT, I know that's not LL.

Since there is no due on sale clause (except in a few cases, so read the docs) it could be done as a SUB2.VA's are also assumable, again with qualification, so it's possible to do a VA as above (again, check the documents).Overall, the numbers of SUB2's that are done are probably small, and the number that get called, even smaller.

How much equity do you have to have in your home in order to be eligible for a home-equity loan? Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equit...

How much equity do you have to have in your home in order to be eligible for a home-equity loan? Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equit...

Most colleges require on campus living for the first 2 years, until you are 21 or until a number of other qualifications are met.

Set strict qualifications and do not deviate from it just to get a tenant in there.

If you have built up a skillset to a high level, then you can earn a good amount of Seed Money for your future Investments and your qualifications will be excellent!

From my research i've come across programs that aim to help first time buyers reduce the down payment and associates costs, FHA, sellers remittance, 401k funds, counting 75% of rental income towards my income for qualification etc..I've been hard at work saving at the ripe age of 23 to the point where i'm confident that I am close to making the leap..