Take the gross income, x .43 then subtract reported monthly bills such as car, credit cards student loans child support etc. whatever is left is what the seller, or borrower, can qualify for. in other words...have them complete a 1003 with a lender to see. 

I say somewhat because I have always had a passion for real estate even from the time I was a child.

Truth be told, I signed a quit claim and walked to ease the greedy husband stress on my son, because I can make more money, but I can't remake my only child's emotional well-being if that were to continue.

So, here I am a new investor with a long path to cover and business plan well designed with the niche that always caught my attention since I was a child and knew Real Estate exist, "Buy & Hold".

Is he delinquent in child support?

People die, become incapacitated, or incarcerated, again, courts may hold up payments, while in default a lender may not proceed.Collateral is destroyed by insured perils but it's not sufficient to pay a second off.Other liens can take priority, child support, tax liens, student loans or government debts, so check the priority of liens, but what also might be the likelihood liens might be created that can still go the head of the line.Fraud in the origination process, by the lender, it may not be discovered until later on, arising from some other matter.I have  no idea what Dave does on a recourse basis.

Thoughts are appreciated.FWIW - we would like to have another child sometime next year and daycare is not exactly cheap.

I was making minimum wage with my wife, and we were barely making ends meet (raising a child as well).  

I understand the whole NPN craze and I can see that in firsts but for newbies or those that can't scale to buy NPN seconds I don't see that at all..

A mother's/father concern is something happening to their child/children.