Just a side note here about low credit: seniors who don't charge up cards or have no installment plans, young people fresh out of college, and undocumented workers all have low credit scores but may make great tenants.As others mentioned above, income and rental history is what you put the most weight on.

They are worth their weight in gold, and will only charge at the end.

I use a 15 year amortization because it pays down quickly enough to pay off the 5 year balloon payment.Three If I had $40K to put down the property would be breaking even even on a 15 year mortgage and making $100 per door on a 30 year note, I am in effect borrowing the money for a down payment.Four I estimate the property to be worth about $220K, so I will gain a little equity.Drawbacks, I will be on a negative flow for about 8 months as I gradually raise rents. 

The appraisal proposed weighted blended rent was within $3 from our underwriting, so basically the same.

I am very well versed in the "Moral outrage and righteous indignation" arguments and know full well they carry zero weight in a court of law. 

More importantly is to ask these questions of a former landlord and put more weight on that than the current landlord.

Have yet to close a deal but the experience im getting is worth it weight in gold.

My intent is to start with small flips that I can develop sweat equity in and gradually work my way up to larger flips/ buy and hold single/ multifamilies.

I don't put a lot of weight in earnest money in the state of Arkansas. 2.

I would love to start off with at least 1-2deals a month and then gradually moving towards 5+ deals every month.