Plus, the expense ration is 0.027%.

If you need any help with the math on your real estate test, I have free videos posted on You Tube that will help you with pro rations, per cent of profit, commissions, amortizations.

The advantage is that your debt rations are better for 15 years, if you have a tight month, you obligation is lower, if it ever turns into a rental, it will cash flow better, the interest deduction is greater in the early years and total interest paid is still reduced.I say on any loan, any secondary market loan, or govt. insured program.

Will the second bank ask my owner-occupancy clause from first bank or simply focus on my income to debt ration?

In my example above, I was given a tax credit for half the year based upon that pro-ration (4277/12 * 6 months =2138.50 tax credit).

This is a ration between the amount of money i have in the deal (down pmt, rehab cost, etc) and the amount of yearly cashflow.

For me is probably more covid fear than rational math, but we all have to operate within our comfort zone.

Basically it comes down to having the income, credit and debt to income rations necessary.

If all the other offers are 10-15% over AP, then let them be fools...don't follow them....amd don't rationalize anything that makes this a deal. 

Will make same rational on here...I still mentioned 50-50 from profits.