If they meet your basic requirements but you failed to rent to them because you were holding out for someone better, it will look like you were holding out for someone whiter, or without kids, or not Jewish, or whatever.If you have two applications processed at the same time, it's justifiable to choose the "best" applicant but you need to ensure you can prove your decision objectively.The best, most professional policy is to have qualification standards and accept the first applicant that meets those standards.

I am wondering if some of the basic principals of BRRRR can be applied to acquiring small businesses.

If the question is too basic I apologize in advance.

And when you're in the SF Bay Area and the "moderate income" income limit is $200k/yr for some of those other programs, that never really comes up because if you make $200k/yr and don't have 3.5% down, then we have bigger issues and need to do some basic Personal Finance 101 (hint: sell the f-ing Tesla).

Yup basically. 

Basically, to summarize my concern, I just worry that history may repeat itself - to cite a local California example - prices ran up a lot in the run-up to the Great Recession in core markets, and pretty soon everybody was buying hot properties in Stockton and outside of Sacramento.

So you've basically just bought yourselves another year of cash flow AND you have a buyer!

this is a pretty basic question.

Johnson II, true that you're basically paying all of the interest at the end, not each month, which is a plus from a cash-flow perspective.All and all, I'm not convinced this is a good way to finance REI.

Basically...Home value - $110,000Purchase price - $95,000Conventional loan (at 20%) = $19k downConventional loan (at 25%) = $23,750 downAll cash and refi 75% of FMV = Purchase $95k cash.