Hi BP,Was chatting with a friend, and was wondering what key financial metrics (and what minimum numerical scores/values would you accept) would you use for evaluating whether tenants would be good renters for your property?

Account ClosedWe've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

There have been numerous people on BP talking about how they paid application fees but they could never get their loans closed on any deal brought to the company.

I think if you buy a duplex rent out the other side and then rent out one of the rooms then you will be living basically for free in one of the fastest growing cities in the US and you will be rewarded for it considerably, if history is an indication of the future. 

Mortgage brokers shop out your deal with numerous lenders (70 + for my company) to find you the best deal vs a bank who only offers rates for their specific products.

If people want to take on more risk /reward, then offer a split, but make it proportional to the amount of funds put in. 

Renting out of state has rewards but is also challenging finding a good team to help you acquire and manage property efficiently.

You are about to embark on a journey that will be accompanied with potholes, bottlenecks , flat tires but dread not so long as you are resilient it indeed will be rewarding.

There is no doubt that investing in CA is a minefield, but with risk comes reward.

Best place to start is figuring out your debt to income ratio and talking to numerous amounts of bankers to see what you qualify for.Don’t make the same mistake I did and use the VA Loan for a house that does not make sense as a rental if you had to move.