"Do not allow your losses to reach X percent of your income". 

I never applied for a Unit that big and was wondering if I should try to get a loan (even though I don't get much income right now). and if how what is the process, is there a way to get the loan without putting money down, etc. the only reason I am asking this is I have no experience in this and it practically me jumping from one house to a 14-unit and am trying to figure out if this is a right move. 

The rental income of $4,400 looks very high for the overall value ($250k) of the property.

Of course I will still run title tomorrow… how can I check on Federal tax liens? 

You can use the income from the rental units to qualify and minimum down payment is 3.5%.

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.

@Tony HerlambangI recommend people talk with a lawyer to setup and LLC because it deals with liability rather than taxes. 

I make $131k, including the rental income.

But curious, financially do you think this would be a mistake/bad move to take on a $750k home with the income that we earn?

Plus, syndicating often no longer makes me competitive because of all the fixed expenses (like creating the PPM, the LLC, and generating tax docs).So, for those small deals, I’ve simply had people (2-4 people) lend directly to my LLC, backed by the deal in chunks of ~$50K.