Credit scores are an important indicator of tenant worthiness, but I have also heard that $60k a year (in most markets) is the magic number/ minimum income number for most good tenants.

I am as green as they get in real estate investments but I truly believe it is the best way to go to create residual income and financial security for my family's future. 

Our combined annual income is $150k, with somewhat limited potential for salary growth.

But you also have to pay for taxes, insurance, and maintenance (generally 10% of the monthly rent).

But my taxes, CDD, and HOA total are about $6000/year.

Buyer's have to have at least 620 credit score and income below either 126K or 95K.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

Given the potential for high returns, customizable involvement levels, and significant tax benefits, I believe this is a great investment opportunity, particularly in markets experiencing rapid growth.I've been keeping an eye on developments in Georgia, where builders are struggling to meet the surging demand driven by population increases in certain areas.

While this can be risky and might come with penalties or taxes, it can be a viable option if managed wisely.

But for a loan in a good city to approved i think it has to have income to cover the mortgage and the expenses.