Most banks and credit unions offer some variation but the gist is 0% down, no PMI, considerably more lenient DTI ratio requirements, all you need is a contract to prove future income.

There is a lot of variation on the answer to that question.

Please understand, these are rules of thumbs and there are variables that may make some of this work better or worse, but this is a variation of the framework that I start pre-screening all of my deals and my clients deals with.I understand that you are looking at someone paying part of your overhead while the asset appreciates, but let's look at the numbers more deeply as they are today.The mortgage payment is figured on $172k (principal after 3.5% FHA down payment) for 360 months at 5% interestMortgage - $925/moTaxes - $125/moInsurance - $100/moPMI - $108/mo__________Monthly expenses = $1,258Cash Flow = -$558/mo (negative)This number does not include other, normal costs like maintenance, vacancy costs and loss of rents, capital upgrades and expenses, property management (future expense,) other admin costs (accountants, attorneys, legal costs, etc.,) or the hours of personal time you may have to invest in finding and screening tenants, scheduling maintenance and repairs, chasing late rents, etc. 

This realm of investing has a huge amount of variation in what people do and you will need to find what you feel comfortable with. 

There will be a slight color variation with the shingles that need to be replaced to perform the repair. 

Moisture variations cause clays toexpand and contract more than other types of soils.

There are variations of course but those terms are fairly common, especially for new investors.

Cleveland, like most other Midwestern metro's has a lot of price variation & blight depending on where you're investing.

She has seen extremes and works with the best and probably she expects the same2) She works with folks with money... imagine how may Drs or Nurse Anthologist walk about there in that section of hospital 3) Earning 100K from a large organization is SAME as making 200K outside via independent business after adjusting for job security, health benefit  and all those4) History repeats itself with different variations.

Please keep in mind I was trying to be generic and I realize there is an infinite number of additional variations.