We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

Rates and terms are better especially if you have less than optimal credit..

If you are buying it as an investment property, you are buying it at a much higher rate than a traditional owner-occupied loan so you must be in a primary residence now and are just planning a just-in-case scenario.At first, I thought this was a no-brainer answer as if you can do whatever you want, but those investment loans are banking on the income projected as part of the collateral for the loan so it's a good question.A seasoned lender or someone who has had to move back into one of their properties will get you the best answer.

A quick Google search shows that Class C in Dallas gives a 5.75% cap rate.

I have nice 3-4% rates but just fearful of a hurricane coming through and destroying the homes. 

Though It really depends on how soon I learn.

Hello Sam,Prices and rates are indeed high in the Northeast.

The only advice anyone could give you is to stop doing whatever it is that you are doing that is hurting your credit rating. 

Depending on whether you have US FICO, US bank, Visa, etc, the programs you can qualify will change.

My properties are small multifamily and to-date they have generated between 50 and 60% internal rates of return for the past four years.