If a teenager is 18+ y/o they should be screened no different than the parents. 

Lenders are cherry picking only the most profitable loans and pricing everything else higher.SFR o/o $250k to $510k 740 FICO W2.As long is that is a dime a dozen, everyone else (unless you started a couple weeks ago) is kind of on pause. 

Texas is a "mobile" community - turnover statewide is close to 50% so budget accordingly.From the sound of it, your deferred maintenance will cost you over $2500 per unit o cure. you need to see if that can get covered in your financing, if not you leverage might not be as good.Lastly, if after you recalculate, the cash on cash makes sense given the work that this deal will require, then best of luck. 

Everything went as expected but they're requiring the dilapidated privacy fence on one side to be repaired/replaced before C/O will be issued (repair really isn't an option). 

@Manesh Hardeo I've talked to a couple folks in more depressed markets like Dayton, O. that can pull it off...it's a questionable strategy at best...guys like Michael Quarrels made this popular, but as a broker, its unscrupulous (in my opinion anyway).

@Esmir O. sounds good, hope it goes well for you.

(now for vacant properties with out-of-state owners, you may want to skip this question and just find out based on the address how much the house is worth because most likely they do not know what they are worth)O - how much do you OWE?

Really depends o.

You can also get a BLOC w/o collateral.

Calculating Effective Rental Income� Any net rental income from the subject property must be added to the borrower’s qualifying gross monthly income by applying 75% of the lesser of;o Fair Market Rent reported by the appraiser; oroThe rent reflected on the existing or proposed lease agreement.History of Rental Income.