I am looking at buying my first rental property but I am concerned about non paying tenants so I am holding out until next year and stockpiling cash to buy up property if they do tank but it could be that they shoot up as well. 

Shoot me a DM and we can connect or sign up for a call on my website and we can chat more (can be found on my profile).

Also, successfully investing there isn't like shooting fish in a barrel.

That net result of that formula needs to cover your mortgage, also known as self-sufficiency test, which make it tough for investors.Feel free to shoot me a DM.

Rent - Monthly payment = Base CashflowBase Cashflow % Money down = Basic Cash on Cash ReturnsIf those number make sense, for what I’m shooting for, then I would examine the deal further.Always shoot to meet or beat the 1% rule of rental income.

Please feel free to shoot me a message here on BP if you'd like to discuss conventional options further.

Feel free to shoot me a message!

So when I am looking for new financing, I personally try to avoid the loan application process, and rather, I ask for an email as soon as I can, and I put together all the documents I know they want into an email draft, and then shoot it over to them with my goals for the loan.I don’t bother making my numbers sound better than they are, I instead just send my tax returns right over to them (along with mortgage statements, all bank statements, hazard insurance docs, profit/loss statements from my companies from 2020, lease agreements for new properties I own and a screen shot of my Fico credit score that Wells Fargo provides me).

If you are buying with financing and all contingencies the truth is you aren’t going to get a sweet deal so shoot for a base hit.

@Charles CarilloI’ll definitely be shooting you a DM!