Properties with just cash flow and little appreciation potential are generally in worse locations and are considered high risk (high cap rates), whereas properties in better locations are low risk.

It’s a negotiation just like any other aspect of business.This is the first area where our legal system has failed free enterprise in this case.

Seeing it as a great potential future home, I decided to make an offer.The offer was accepted, and I purchased the house with the intention of staying at my parents' place while renting out the home until I'm ready to buy a duplex, moving closer to my goal.

Moving forward--have full photo documentation of the damages and estimates to repair, and have the manager tell the tenants if they cannot pay in full or with weekly payments, (scheduled to be paid off in full BEFORE the last month of the lease) the management company will move forward with legal action.  

My assumption was that she could start showing it asap (while it is still occupied), to reduce the potential vacancy time.

Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

My focus is on finding a discounted SFH or Townhome that can act as a live-in flip for 1 - 2 years to maximize rent potential before it actually becoming a rental for my portfolio.

I am wondering if it is possible to set up a legal self insurance company for rental property insurance?

I just got a lender and pre approved, and have found a potential house.