A good market for me includes at least 1Million population with low unemployment, good jobs, cheap houses and business friendly and fiscally responsible city / state (check their credit rating).

This seems quite high to me given that my credit score is 750+.

The catch is, there are a lot of rates and fees applied to mortgage services.

I explain at that point that if they decide to apply for our property their paperwork will be tied up for at least 3 weeks, maybe more.  

Can you not use personal credit as form of down payment?

We are recnetly married.We are hoping to put only her on the loan as I am going to school and currently have 7 rental properties and no savings or income so I am pretty much tapped out.My wife has a steady job with solid income and excellent credit.

Then, depending on the town, county, etc, the millage rates will apply and further effect the bill.

folks I know that do a lot of section 8  are not that concerned with total income  more concerned with their basic credit and if they have been evicted in the past.

The coins (or credit cards these days) your tenants drop into the slots should more than compensate for their costs.

Fast forward 3 years... we’ve both built our credit, bought our primary residence, have two kids with a third on the way, solid middle class jobs, and some consumer debt.We were gung-ho to get going in 2019 after bonus and tax time to get a rental property finally.