I am closing on my biggest property yet (10 units) on October 15th.

I hate to say it but my experience has been that bad credit is almost universal with renters.The biggest issues I see that run someone's finances off the rails are a) divorce, b) student loans, and c) medical.Out of the couple of hundred potential tenants I've dealt with the last couple of years, I can count on two fingers the ones who had credit scores of 700+.

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions.

Now, I challenge you to take another." - Dan PoynterLastly, don't forget that we are here to help and likewise learn from your contributions.

In terms of yield I have to get it to 44K before it hits 10%.I cant get my spreadsheet to format in this post but at that rent it is right at the bottom of where a lot of out of state investors would buy so I think in the 50's could be a challenge.

The HOA property manager licensing bill was supposed to address the disclosure of the fee but not ending or limiting the amount or ability to challenge the fee: basically allowing things to continue as is.

Biggest expenses will be roof repair, flooring, exterior and interior paint, some replacement windows, and cleaning/sealing the interior due to nicotine stains/odor.

I hope to change that in the near future with some local investing, but it is much more challenging.

Green Tree Acceptance in Houston and Vanderbilt in Nashville seem to show up a lot, mostly for new but on some used transfers as well.It's a market I keep looking for opportunities in but there are challenges for sure.

Now, I challenge you to take another." - Dan Poynter