The calculation to figure out what your DTI percentage is the total Recurring debt divided by gross monthly income.  

I am trying to understand if ~$500/month (in your case) is a justifiable recurring expense.

Enter recurring charges and automatic late fees.

Investing in real estate is automatic and recurring with a strong personal financial position that is well-capitalized and produces strong positive cash flows.

Since this is your first deal, the interest and the amount of the loan will depend on a few factors including your credit score, amount of cash you have on hand, and whether you have other recurring income.  

A plan will be considered temporary if substantial and recurring contributions are not made.A plan will be considered permanent even though contributions are not made every year as long as substantial contributions are being made occasionally. 

I did all the bookkeeping (recurring and one-time operation cost, initial cost of furnishing and house improvements, etc.) 

(You could certainly point the finger at your loan officer or broker, but pointing fingers doesn't fund loans.)2) Straight from fannie mae: "If the credit report does not show a required minimum payment (...) the lender must use 5% of the outstanding balance as the borrower's recurring monthly debt obligation."

Also, when you are comparing returns between two properties in different locations you have to take into account all the significant recurring cost factors.

With several hundred BP members living in the Flower Mound,, Lewisville, Highland Village & Denton area, I was wondering if anyone would be interested in getting together for a meet-up in the near future and on a recurring basis.