Will they provide their credit report along with their track record?  

I’m looking to buy my first rental for 110k or less, is that budget going to get me a place out there that will actually be rented out every month?

Hey Shalonda, When renting out a property for mid-term stays, typically defined as stays longer than 30 days but less than six months, the tax situation can be a bit complex.

If it increases by more than 70k, then it's a considerationYou need to make sure that you can turn it into another bedroom that has windows for means of egress.

The roof leaks and has to be repaired by the time the rain comes and there's no heating or AC units.The partner’s focus on finishing the project to perfection rather than timely completion has further delayed progress, and our financial situation has worsened as we struggle to pay the mortgage.Given these circumstances, we’re considering selling the property.

I knew those many tenants leaving would cause a problem for less experienced landlords.

I could add the "rent credit" on top of the market rent, but then that's a $400-$600/month premium on top of the rent that's supposed to go towards the purchase price.

Yes, most of our DSCR products do NOT have pre-payment penalties (as long as you are not refinancing AND had the house on the market in the last 6 months) and with 20% down would be the in mid's 7's assuming good credit/DSCR over 1.00 etc. 

Higher than inflation appreciation will occur where demand outstrips significantly supply. 

If you're a long term buy and hold investor, the opportunity here can be awesome as you can likely get into this transaction for far less down and/or for a lower monthly payment than a traditional lender would allow for.