Property 2 is a 2 bedroom 1 bath in good condition in the worst part of town.

The worst that could happen is it doesn't work.

In my eyes, I might as well make the offer; the worst they can say is no.

It's not in the greatest location, but it's not in the worst either.

@Fred Shatzoff worst case i cant get it approved without spending a-lot of money do you know if that would hinder me getting house refinanced

This response would most likely get a lot of contradictory responses, buuut.. for us when we first started, and we’re obviously very nervous and by the book with finding tenants, and went through many applications, all super by the book, did all research, purely numbers etc etc, over prepared, and to this day, the WORST tenants we’ve ever had were the ones we went purely all business and by the books with.

One option we are going to look at is acquiring the property and fixing up one or two of the worst units, get them rented, repeat with the other units, while raising the rents on the newly rehabbed units. 

If you leave out the ‘pet fee,’ you can avoid a costly lawsuit and only deal with a small claims case in a worst case scenario.To your success!

I consider this loan to be my worst debt as far as dollar amount and interest rate.Details are as followed:$25,727.09 is the payoff:Current interest rate is 7.59%118 payment remaining (was a 15 year loan originally)Monthly payment is $342.54, of that $161.62 goes to interest every month.I have another student loan, but it is federal and will be gone in 4 more years thanks to the student loan forgiveness program for public safety workers.

Worst-case scenario, you have to do a commercial loan.