We often end up finding out their credit score or income doesn't cut it only after we've shown them around, which honestly feels like a bit of a time sink.So, I was thinking, whenever someone hits us up on Zillow wanting to check out the place, maybe I could just ask upfront if their credit score is over 600 and if they're pulling in more than $6,000 a month.

If it's important to be near the Bay area then maybe consider the Tahoe Reno, NV market because it's only a few hours away if you need to go to the office and it offers a landlord friendly environment, low property taxes, and no state income tax.

PAYMENT DISBURSEMENTS - Incoming rents would come into a general rent account, replenish the maintenance fund for any expenses incurred through the month, take the PM fee, and then disburse the rest into the owners account.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

As of now, I have saved up enough money for a down payment on a fha loan, and my income is expected to meet the loan qualification criteria soon (with my parent co-signing due to my limited income history).

This is because you're spreading the income out over many years rather than making a large contribution in a single year, which may put you in a higher marginal bracket.The part with a traditional 401(k) that doesn't get taxed is the time the money "sits" in the account.

It's important to reassess the income for requalification.

These loans are strictly for investment properties where the property is owned and operated for business purpose and rented out for income.

It reflects the average rental income per booked night, including nightly rates and additional fees like cleaning charges, pet fees, etc.

I am in search of an efficient system  to track my rental properties regarding income and expenses to make it easy for my accountant at tax time.