Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We live off her income so I can focus on building my sales pipeline and saving capital to buy our first rental property.

Lofty is facilitating all communications operations/voting. most of these properties have been burning cash and additional loans are being taken to repair the properties and even pay property tax bills

Hello Guyz.I am outside of the US (In India) and have been interested in investing for rental income.

Usually for these kind of deals your cash reserves will be looked at as well as proof of income enough to make monthly interest only payments.

Prior to jumping ship you should look into what you paid for your California properties, what they are worth today and calculate your monthly income from appreciation.

My debt/income ratio is lower than it really is because I own alot of rentals so for tax purposes and depreciation, my taxes dont show the whole real picture.  

Additionally, there are often fees associated with belonging to an HOA, which can be an added financial burden.Ultimately, it comes down to your goals and deciding which choice will most effectively support them.

I.e. a property in a lower income area will see heavier and more frequent turnovers.  

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