There is an old saying in Real Estate and Lending - Drive Until you Qualify!

I'm seeing difficulty in finding qualified renters for some landlords (who I've spoken to) and have seen an uptick in the number of units where prices are being cut, sometimes even 10-15% at a time. 

The fact is it takes exactly 2 years of on-time payments on all of your debts to go from bankruptcy to qualifying for a normal mortgage rate.

@Robert Falco, I (and many here on BP) agree with you: buy as many properties as you can qualify for, with as little deposit as allowed, while still aiming for some positive cash flow.ie.

The bank would just do the same process as a conventional mortgage to see if your income level and credit qualifies you for receiving a mortgage - in this case a refinance.

The Fund has been organized to invest indirectly in multifamily housing properties through the acquisition of interests in special purpose LLCs and other holding vehicles.Would this qualify for a 1031 Exchange?

@Wai Wah ChanYou do qualify as a pass through entity, however it does not mean that you will have any deduction.

What happens if you already know the person trying to rent your unit does not qualify?

The truth is there would be assets that would qualify for accelerated depreciation over 5 years (possibly though unlikely 7 year or 15 year too) in there as well, but figuring out what qualifies is complicated. 

This combination gives me a unique blend of relatable skills and access to some great data/software.