These include Owners with Low Financial Stability Scores (FSS) and Seniors with Long-Time Ownership.

This focuses on Seniors but would also apply to Owners with Low Financial Stability Scores (FSS)https://www.biggerpockets.com/member-blogs/11806/84376-your-letter-to-seniors-offer-them-something-they-care-aboutI think letters that resonate with a seller will be more effective.

In general, it seems to me like it's better to avoid a bad deal than to score a good deal. 

@Ahmed Youssef- Think of it slightly differently- The Turnkey Companies have done all of the heavy lifting on that property - They found the property, they renovated it, they placed a tenant that will allow you to cash flow at the 1% rule or higher.. there is incredible convenience in that scenario.

Then at that point, continue with another candidate.My pre-screening starts out with asking the prospective tenants to give me a copy of their Credit report and Score from one of the free credit reporting websites such as Credit Karma.

And most applicants disqualify themselves quickly when I tell them we require a 600 credit score, no felony, no evictions, 3 times income to rent.

They can dig up incredible deals that are then passed on to you.

It evolved into a site that offers it's users incredible searchable market data which can be filter to create very targeted lists.I'm not pitching the site and don't stand to benefit. 

You might need to explain to this tenant that you will be pursuing a judgment if not paid and that it will lower their credit score and possibly affect what they pay for everything in the future from cars to insurance etc.No legal advice.

If you have $20K down, additional money for closing costs and additional money for cash reserves, and the other factors (credit score and DTI) are OK, then you should be able to get a $80K loan.The other alternative is hard money.