Short term it is difficult to make the numbers work, the cost of new construction and the time it takes to zone-plan-build are usually the main reasons why private investors stay clear.

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.

This is in a town that has a very good Private College - Baylor University.

I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs. 

The Heloc can also pose as a debt obstacle since its an open end mortgage a.k.a credit card.a mortgage is also set up over 30 years so it offers a lower rate and payment. 

you refused to answer her and sent me a private message where you asked me to take down her posts. 

Also, if you’re a private lender yourself, feel free to chime in—I’d love to hear from you!

Less than 10 minutes and they are done.Self Managed, Low Volume - these folks collect the same rent every month, have minimal expenses beyond their mortgage and find it very easy to collect the few documents they have to report it. 

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

The thing about condos is the HOA will go up and your mortgage stays the same so you will end up losing by the end of the mortgage.