I have done a couple of flips in this area and was very familiar with the neighborhood.

Trish Geyer I haven’t been a landlord long but here are the downsides and upsides I’ve had so far: inherited couple tenants, break up, don’t pay rent, leave junk behind.

The whole commission thing is going to be an issue for most lenders, until you work in that field for a couple years.  

There are lots of situations where we'd say the guy is living there but a new couple wouldn't think of him as living there.

We have a couple of properties that required some work, but we know nothing about that part of investing, so we have a joint partnership with other investors who ARE qualified to do that work, we both benefit from the transaction. 

Now after a couple of our deals we have more capital we want to leverage to get 2 to 3 rehabs going at once, rather than one at a time. 

I currently have no homes in my name but I am married and fear that I wont qualify for a first time buyer and would have to put 25 percent down as a investor.

@Cynthia Reddy, there are a couple.

I can get a C area for 40k and B area for 50-60k, so I usually do that And are you happy with having a couple of these homes bringing you 1000 bucks in cash flow monthly?

If the couple breaks up and one person moves out, you'll want to make sure the other tenant can afford the rent on their own.