I doubt they have the funds for the repair or if the appliance needs to be replaced.What would you guys do in this situation?

Also, using a low down payment option can be a good tool to utilize leverage. 

@Amber StoutIf they do not reduce the money supply they may need to increase rates vs decrease them as we are heading in this quarter where last year MoM inflation was very low so by end of June/July inflation being closer to 4 could be a possibility….

I'm doing this in the Midwest where the prices are low enough to fund the deal without the bank to start out with.

Great job and population growth, very low crime rate, super low property taxes, very land lord friendly and the list just goes on!

If you don’t care about cash flow year 1 you can go down as low as 6% cap rate and still break even.

Credit unions and low downpayment options preferred.

Built in 1997, generally low-maintenance.

@Mojgan AzarHouse hacking with a low down payment can help save money on living expenses and even make some extra cash.

However, rate would be prime + index + an additional +2% for the shock factor just to qualify, but you can draw the funds whenever you want and just pay the balance + interest vs cash out where you have to draw all the money after closing.