The people receiving section 8 aren't necessarily 'shady'-- they are poor.You will not be able to run low income properties like you would run properties rented to high income/high credit score tenants.

Have you read rich dad poor dad?

They should pretty much be there to pay their app fee and if approved (credit, income, background),  sign the lease. 

There's a poorly written clause, I'd abide by it just to get the threat of eviction away.Human beings are emotional creatures capable of logic, not logical creatures capable of emotion.It's bad practice to live in close proximity to someone with ill will towards you.

I know DC properties are more expensive than some areas but if you can get approved for that much there's a decent chance that you can have some left over for another investment property.Don't become 'house poor'. 

@Ho Eun Park  not sure why you are focused on state income tax when you live in CA... you pay tax in CA on all your income regardless of where it is.and in states with income tax. you get a credit on your CA tax if you pay state income tax in those states I think or maybe salt changed that.. not sure.. 

Hello everyone, I am very excited to say I fixed my credit from a 530 now its about a 680.

Hello,Is anyone aware of banks in and around Austin, TX that allow you to take out a line of credit on an investment property?

Basically something that would give me an idea of what constitutes good vs. poor numbers, good vs. bad neighborhoods, etc.Thanks!

@Luis Prieto I mean equity lines of credit.