Don't count Iowa City out for longer term renters.

You're going to want to follow the following general rule of thumb:- 0.5 mile radius- same zip code- Sold in last 3 months- Same unit count- Same bed/bath count- Same square footage(this is not fully exhaustive but they're the big ticket items)If the appraiser selects comps that are closer matches to the above than the comps you want to use, you're going to have a tough chance arguing for the usage of your comps over theirs. 

Hard money counts as a cash offer.

Unless you are a 5% owner W-2 hours actually don't count regardless.

So I was happy he provided me with an opportunity to buy the property without him going to a list of an internal list of preferred buyers which would have counted against me as a first time investor.I signed the purchase agreement then ordered an inspection report so I could perform extra due diligence as an investor.

Over 46 years in the industry, it’s the people that count the most.

But if we add all the rentals sure DTI will be over 50%.The above Fannie/Freddie links are keeping you from double counting the payments on the personal AND LLC level.

If you don't mind providing some data for me to reference I'd appreciate it, but understand if you want to keep some or all personal--namely I'd be interested in approximate location, bd/ba count of your property and the rent % increase (or if you're comfortable sharing actual prices) implemented between your last tenant and current one. 

The higher the bedroom count the lower the per bedroom price.

I realize I’m fortunate enough to count myself among them.