Hi Tony, A few things that I would consider when evaluating a market:Population TrendsJob TrendsJob DiversityWho are the top employers in the marketAre companies moving into market/leaving marketNew construction startsWhat are the top industries/Is the market dominated by oneHope this helps!

There is only 1 parking space for the entire property; however, it is located in a city and two blocks from the largest employer in the area.

In addition, you will be far less efficient.

I can get phone records of the subject, their friends and family, employers, address history, land lines, cell phones, judgements for 2 dollars a search and then full blow background checks for tenant screening for 12 dollars. 

The fees/rates are a little higher but they're a good option for people who are self-employed and have a FICO in the low 600s.

Feel free to PM me if you need any additional info.

There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.  

I suppose these should be filed as self employment taxes?

We are also working on other deals together, so there are additional benefits to both of us.  

Do you have a list of application guidelines what you require as far as a credit score employment income, all occupants over the age of 18 must complete a separate application as well as pay for and pass a separate credit check.