We’re one of the 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-employedCredit HistoryMany companies use credit summaries, but we find these rarely tell the whole credit story.

Also u have to try to make sure they are paying their suppliers.A few years back I was building a housing subdivision and my underground guy was giving me pause.and So we checked with his pipe supplier and his Gravel supplier..

You will likely pay less than half the addition cost, be able to obtain convention f/f financing, will not have to do the work, will not have to deal with a construction zone, will not have cash outlay months before first associated income, etc.  

Tenant not paying is thief in my book any day.  

Begin with small, easy-to-manage homes like single ones or two-family homes, or try house hacking to help pay your mortgage.

I have the funds to out down 20% (about 100,000) but wouldn't it make more sense to let my tenant and equity pay for that?

Our buyers pay 12% interest and 3.75 points to you as an investor.

This is everything from tax, to legal, SDIRA/Solo 401(k), creative financing, market updates, software, mngt, etc. 

If you have any outstanding debt, pay it off ASAP!

Don't let it stop you from investing in the future. in the meantime, how much personal cash flow do you have to pay the mortgages?