Or is $1,700 per month the gross rent per month.

I look at the house with a contractor and it's going to need an easy $50-$60k to dress it up, fix foundation and asbestos issues, among other things and at best you might get $1,900 gross rent each month. 

The appraisal came in at $1.158MM.Credit is over 820 for each parent.Combined gross income is enough for most products available.Please let me know if you have any suggestions, referrals, strategies etc.Thank you!

The formula is simple and is as follows, 75% of gross rent - PITI = net rental income.If net rental income is positive its added to your total income and improves your purchasing power.If net rental income is negative then its considered a liability similar to a credit card or a car loan that you gotta qualify for.Some banks have "overlays," or additional requirements they place on top of borrowers when you have rapid acquisitions of multiple properties but by no means is 2 properties in one year considered "rapid," by most lenders, however 3-5 would be its an underwriter and case by case bank "call," to make. 

Hi evrybody ,i am kind need help on deal i am trying to make it here .Asking Price 1,45 milion Purchase price 1.35 Downpayment 30% ( bank loan)8 units 9600Sf total Gross Operating Income 138,533   (Gross Potencial income 145,000)Monthy GOI 11544Total Annual Expences 51794monthly expences 4316Expenses 51794Property Menager 7000insurance 6000Landskaping snow removal 9300repairs 4000taxes 18500trash 2200water sewer 4900Rents 1650 ,1600,1375,1200,1400,1750,1375,1800All is townhouse 3/2I am think to i do my self property manager ,i am think to lower landskaping and snow removal from 9200$ to lower down.4 is fully done ,4 need to be renovate.School is 10 ,area is great ,bullding is very healty ,a lot land can be approve to build another 8 unitsPlease i need some help before i give 5% monday to under deposit .thank you (i am sorry for english )

Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

Or gross?

My question is which of us should apply for the loan to get a higher loan amount.Me:Monthly gross income: $2500Computed Debt Ratio: 0 (no debts)Credit Score (Transunion): 625My Brother:Monthly gross income: $5000Computed Debt Ratio (using https://www.mortgagecalculator.org/calcs/debt-ratio.php): Frontend 19.5%; Backend 45.66%Credit Score (Transunion): 667So which of us should apply for the loan to get a higher amount?

I'll also have to hire a property management company to rent the place out for me and manage it going forward (so, 10% there).Here's the math I'm looking at:Current annual gross rents: $16,800Projected annual gross rent: $21,600Management fees (10%): $2,160Net: $19,440 = $2,640 increased annual revenueIf I am spending $15k, it'll take me ~6 years to make that income back up.

Management seems low...never seen a reputable firm below 7% of gross rentsYou have an ARV of $400k, but your analysis says CAP places value at $323K...if the value is $323k, and you pay $370k?