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View report*This link comes directly from our calculators, based on information input by the member who posted.

I have very similar views to @Scott TrenchI'm a buy and hold rental investor with a goal of buying 1 to 2 properties a year until I get to $20,000/mo in gross rents.My financial plan is simple and I divide it into different categories:6 months of personal living expenses as cash in the bank.

Do you think tenants view the landlord as a person or a business?

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I recently viewed a 1BD, 1B/1BD, 1B duplex that's not in the best part of town, but the price was enticing because I could survive if I can't find a tenant or the unit becomes vacant.

It is my understanding that the borrower gets a risk rating and each loan gets a risk rating and certain events can cause you or the loan be moved into a more or less riskier category and that that could impact how your loan is viewed and treated by the bank.When I asked questions, I kind of got the impression that the risk evaluation and underwriting criteria were confidential and not generally disclosed.

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So now u owe IRS money & you couldn't pay the loan money. 

Just reply stating the place is in the same condition as it was when they viewed it and everything is in working order.