I would be happy to help. 

More risk = more $, more $ being insured = more $ in premiums. 

Lenders that go higher than 80% LTV will likely be more in the Prime + 1-4% range.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

Hope this helps!

Thank you all for your feedback and suggestions, I greatly appreciate your help!

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

The new property has to make $50k plus $12k/yr more than the existing property just to break even.

At one point I was told I could obtain funding (non-conforming was the term that was used) with 12 months of bank statements.My question is what would make me more appealing to a lender; should I continue with 1099 work or go to W2??

Feel free to ask if you’d like more tips on what to look for in a PM.