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Updated almost 3 years ago,
How many rentals can you get if your income is $4000/mo, no debt?
I'm looking into possibly investing out of state. If my income is $4,000 a month with no debt, how many rental properties can I get, assuming the cash on cash return is around 12-15% after expenses?
Doesn't every property still add to my DTI even if it does rent out, meaning I can't get very many properties?