To prevent from any chance of discrimination accusations, and systematize our screening process we have minimum requirements such as:Minimum Requirements: •Monthly gross income at least 3.5 times the monthly rent  •NO convicted felonies •NO sex offenders •Minimum credit score of 600 (check yours for free at creditkarma.com) •NO previous evictionsWhen we get several applicants that meet the minimum requirements and cant decide because its too close we will use the equation below.

When we first started looking at multi units (with zero managing experience), all of a sudden we qualified for a couple of $600+k 4-plexes because the income from the units were factored into the banks qualifying equation.

I get how to do the mathematical equation but don't know how to get the date.Thanks in advance!

There are other companies besides SmartMove that you can use, I like it because it takes me out of the equation completely with regards to collecting that fee, entering information, etc.I wouldn't accept an in-hand credit report if it said their score was a thousand and it was notarized by God. 

Leave the fact that you have X$$$ out of the equation either initially or all together.

I'm sorry but sellers, realtors and anyone on the other side of the equation LIE.  

And then we got married and had a baby.Now I have the better job I was looking for, but taking on some student debt, adding my wife's previous debt to the equation, and having to find a better place to live put a serious dent in my investment plans.The house is renting and breaking even while we rent elsewhere for a slightly lower price, and we're making just enough income to save a little and not dig ourselves a hole, but we're not on the path to much growth right now, and we have no borrowing power.I'm looking to volunteer my time to help some established investors out and gain the real estate experience and skills I need to eventually land some profitable partnership deals despite my limited spending power.

You don't have to some kind of genius who plays chess blindfolded or does quadratic equations in their head.

So my understanding is that if you first take your income and figure how much debt you can handle you can then plug that number into the second equation and figure out your credit limit. 

Check out YouTube for the math equations. search Tony Mesa (fla school) he has some free videos that work out the math problems.