Rebuild Credit & FICO Score.

@Bob E. at least 10% down payment, long term notes with 680 and above credit score to start.

It also helped to explained why there was annual turnover in both units.We had an energy audit performed on the building and it scored a woeful 42 out of 100 (with 12 full air changes per hour).

It's hard to get government backed lending at the age of 20 with small income and short credit score history.

Podcasts are the Falsebook version of investing...all the good and hardly any of the bad. 

My FICO scores are 750+ and I have no debt of any kind.

Know you credit score and keep it over 700.

In doing some of the reading here on the site, I ran across this graphic. http://www.biggerpockets.com/rei/wp-content/uploads/2012/12/Real-Estate-Cycle1.png I realize that there a multiple versions of this cycle running at all times, where the local market may be at a different place in the cycle than the macro cycle.

I live in Texas, so I have to comply with the rules for application fee listed on this website.The website basically stated that "At the time a prospective tenant is given a rental application, the landlord must also provide written notice of the tenant selection criteria and the grounds for which a rental application may be denied".Tenant Selection Criteria:Minimum lease term is 12 monthsNo pets allowedNo smoking allowedMonthly income is at least 3 times rent (approximately $4,000).Have not declared bankruptcy in the last 60 monthsMust pass the TransUnion MySmartMove screening process (credit score and background check), and recommended by the system.If you currently live in a rental property, you must be able to provide a reference from the current landlordWhat do you guys think about the criteria I've written?

If you think a response you read is good or answers another member's question well cast a vote for it.It's our own version of liking something on Facebook provided you're familiar with that.