Never mind that the agenda it advocates has failed everywhere it has ever been tried throughout history.

But when I tried to purchase a home last year (given, it was Fannie Mae) they told me I did not have a long enough credit history and they wouldn't give us a conventional loan with a 5% down payment.

I am 24 yrs old so my credit history isn't as long as lets say a 30 yr olds but I am trying to build a line of credit with my bank high enough so I don't have to leverage different accounts.

We also received a notice when water usage was out of whack with the usage history (leaking basement toilet).  

You really need to delve in to what the tenant's rental history has been...even with proper due diligence...life happens.  

the saying goes, "the leopard doesn't change his spots"....so I tend to agree with the board, and my only caveat is that you really want to know will he pay the rent...I have had a few very good long term tenants who made rent a priority but still had the errant medical bill or consumer credit problem..so I would really probe every landlord and the rental history, but recency and amount of payment  issues tends to indicate that if he won't pay others, he probably won't pay you..a vacancy may be better..with an empty unit, remember an ideal tenant could call anytime..you may have to cover the mortgage another month, but you also cover it if he doesn't pay, plus evict, and re-prep the unit....vacancy wins unanimous decision...

I do plan starting out with my own capital, so I can start the things up, before I build enough credit history to benefit from the leverage where the foundations and numbers check out.MODERATOR:  NO OFFERS OR PROPERTIES OR SERVICES IN THIS FORUM, PLEASE.

As much as believe I'm a student of history, my friend J Martin calls me the professor of economics.

( I plan on paying by check to show pay history as well)All input is welcome!

( I plan on paying by check to show pay history as well)All input is welcome!