Dan,  I am taking my loan to the next lender now, who said he would accept my third party reports and even offer lower interest rate, which is great considering the interest rate went up from my first loan app.

I am using a PM and he says he is getting apps but noone is signing....

Hard copy app after showing unit, if they are interested in renting.Prescreen based upon hard copy (could be emailed as well) application. 

We note the changed combo in a auto synced notes app (so we all know the combos).Saves us from ever having to send someone over to let someone in. 

They offer free on-line bill pay and can upload checks with their app. 

A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?

Since it is a no cash down deal, I don't require the same return as I would on a 20% down deal (w/ ELOC IO pmt).Some will argue against ELOCs and interest only for rate/long-term reasons and it really depends on your market/risk assessment.

I would go with "I'm a local investor looking for new properties, if you know anyone looking to sell please have them call me *hands them a card*"And/or write down the address, mail them something and/or try to find a phone number to call via your own efforts or skiptrace service.Deal machine app is pretty cool I've heard, never used it myself.

I also recommend getting the "meetup" app and checking on there.

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