Hi BR Community,I just closed on a duplex property using a DSCR loan with a 8.625% in Cleveland, OH.

I got my license two years ago and recently closed two transactions as buyer agent.

Generally speaking, we would encourage you to screen your tenants - whether they are section 8 or not.We would encourage you to collect a deposit - whether they are section 8 or not.A tenant can certainly be a "good" tenant or a "bad" tenant - whether they are section 8 or not.Now, if you are targeting lower valued homes...there are "pros" and "cons" to doing that - whether you are renting to section 8 or not.  

My wife and I are small-time real estate investors with lower middle class income.

That can happen if you buy a home that needs a little TLC or renovations and after the upgrade the new ARV might put you at that 85% LTV or lower, possibly even be able to take cash out.As a first time home owner you can use FHA 3.5% down or Fannie Mae 3% down (single family).

I think it's the first thing to ask for (after just extending the closing).

Closing assurance, putting in the best bid, and making hard money deposits are all good strategies.

Let me know and I can put you in direct contact with them  Quick closings. 

YOUR LOOKING AT CLOSE TO $70,000.

You might get a property at a lower price but might not want that type of property 20+ years down the road.