My rule of thumb is no more than 10% of your nest egg in any one deal. 

If you have one that is dated no more than 60 days they should accept it.

I used to live in DMV as well before I moved to NY, I live in Queens area NY and I am doing REI, I have a great money machine with no hassle property in Winchester NY, No need and repair and there are a good tenants who are already living there so there is no more money or time you need to invest aster you bought it, just start collecting money....Right now it is generating 12K+ a month.

Because the 1st is no more than 80% LTV there is no MI and then you just have a small 2nd for the difference of what you owe?

And why have an eviction on their record when all they have to do is give me proof they have no more claim on the unit. 

If you get the loan directly in your name as a non owneroccupy you should be able to get a 30 yr loan - but the fees and the PITA (pain in the a.. ) it is to you it may not be worth it.Ive heard a couple local banks will lock in your loan (or would a year or two ago) for up to 15-20 years - but I think that was for folks with great looking balance sheets and high w2 income and likely no more than a 70% LTV.  

If you are under contract and there are tenants in place, see if your realtor can get them to sign a new lease with new rent (recommended increase no more than 10 percent) and terms prior to closing the deal.

@Jack Bobeck, it'll be 2-4 units no more than 220k for the multifamily.

I’m quitting BiggerPockets until I have my next deal under contract.I’ll probably continue to answer direct messages, but no more forums, no more podcasts, no more books, until I have another deal to share.

The moment they think a red flag comes out the deal is done, no more communication.