However, like most things in life the best approach tends to be a blend between extremes. 

Academy mortgage (Shawn) had the most seamless mortgage process ever!

Plus YourPorter has seamless integration with PriceLabs, so that sold me on that combination.YourPorter isn't the sexiest looking software but it works for us.

If you are working with an agent or property that is on the MLS, focus on quick closing times and a seamless process.

We utilize various forms of technology to collaborate seamlessly with our clients and rarely have issues.If you are set on using someone local, search the BP forums for investors local to you and reach out to ask for a referral.

The average blended analysis of those properties is attached as an image to this post...Here's how the numbers break down:- First, as I said above, cash flow isn't great.

To close this post out, the appraisal came back and the value was a blend between the sales comparison method (specifically focusing on $/unit) and the income capitalization method (via cap rate).

You could have 3% rental increases each year instead of 2% so that your blended return is higher over time and when you sell years later. 

If I combined all the units and gave them a blended grade, I would give the property a solid B.

Hi Account Closed,Rental income is qualifying income just like your $50k/yr from your dayjob is qualifying income.The "4x income" thing is an old rule of thumb, but was never a mortgage underwriting guideline.For up to 10 financed properties, it's a residential mortgage where we blend your dayjob income with all the PITI of all the houses you own (including the one you are buying), along with all the rental income from all the houses (including the one you are buying), along with all your personal debts (car payments etc) to arrive at a monthly DTI number.