David Stone , a traditional bank will look at your debt to income, credit score, and they will not consider the rent from the duplexes as income usually until you've been a landlord for two years, they will also want 20% down, plus closing costs, plus slightly higher investor interest rate, plus probably want you to prove you have 6 months of cash reserves or equivalent marketable securities.

Divorce,death,bad tenant,behind on payments and facing foreclosure and bad credit?

I am newbie here who has heard real estate is a great way to build long term wealth.I would like to get started but with a bad credit  history I find it extremely diffcult.Still the financial longevity well not only be statisfying but the peace as of mind will put me at ease.

Are you in need of a boost to help give you additional means to pay your car bill, education loans, credit card debt, etc.?

The couple is behind on paying me rent by a few hundred dollars, and the guy wants to apply his half of the security deposit to pay part of what he owes me (and pay me the rest in cash).I'm a bit overwhelmed by the newness of this.

I'm currently still active duty military, and my goal is to get my real estate business firmly established in the next four year so that when I get out of the service I don't have to apply for jobs unless I really want to (probably not).

But the house is stucco exterior with tons of cracks in the stucco that have to be repaired. 2 stucco Contractor's have quoted us $12k - $15k to sand blast, patch, apply a new "brown coat" and finishing color coat.

I filed for an eviction on him because 1. he was local, 2. it's cheap to do in my county, 3. since the notice was going to the last known address (my rental) he wouldn't respond to it anyway and I'd get the judgment without going in front of a court and 4. the judgment would remain on his credit history for the next 7 years.Ironically about a year later this guy shows up in the hospital with newly diagnosed diabetes. 

I have application with clean background checks and credit score of around 680Income to rent ratio is 2.5.I have asked for a consigner.However I am wondering if There are any other options worth pursuing to mitigate the risk - such as ask for 3 months rent as deposit instead of one month ?

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.