So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

Running a full tenant screening and background check process 2.

@Abby S. when you get to this level of detail, you will want to check in with an architect to be honest.

I wasn’t sure how  experienced investors accounted for it when analyzing deals.

Rijulalso check out another post in this forum group on who to stay away from - it starts with "do not invest with".. 

Check law to determine if you are allowed to discriminate by income source if you really only want Section 8 tenants.

@Drew Sygit Hi Drew, Thanks for the feedback, I'll check out the page

Account Closed if you want to ignore all of the strategies that get around your downpayment and just want to purchase another property outright then you would have to leverage something.  

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

Just quickly based on the amount of the first and a quick check of Zillow there could be a substantial amount of equity in the real estate.