I tell them actual numeric credit scores aren't really as important (although I like to see them be higher :wink: ).Also important is job stability and earnings; annual income divided by 36 is approximately the max rent per month they can "comfortably" afford (basically, monthly rent should consume less than 1/3 of monthly income).

We are in the process of finalizing our business plan to present to lenders and other investors.Although my partner and I have not done any rehab work as of yet, we have numerous years experience in the new construction field for one of the leading HVAC/Plumbing in our area.

You may be competing with buyers willing to pay the full retail market price.Then, there are the numerous skeletons waiting for you to discover them.

I have also read Mike Butlers "Landlording on Autopilot" & he gives numerous ways to get above & beyond 100% of your rent.

There are numerous highly qualified real estate attorneys.

Hi Michael,You can definitely find decent B class multifamily complexes showing around 9% net cap rates.We are currently negotiating on a deal in Ohio showing a genuine 12% cap.Also, there are numerous private lenders that will lend to foreigners.

There are numerous management styles for low income properties.

I see numerous problems that could have huge and lasting negative consequences for you.

The potential negatives are numerous.

In one deal I had the bank too longer than the SS attorney estimated and approved the deal 5 months later instead of 3 months, and I had to eat the 2 month worth of property taxes as a buyer because the original package estimated a 3 month duration to prorate the property taxes on the preliminary HUD.Now foreclosure is different, I had numerous back and forth with banks during foreclosures.