We could work backwards from the condo's upper tier pricing (that you would likely get into contract at) and backwards calculate how much income you're going to need to qualify given the probability of how the rest of your rental income and liabilities will be caluclated.We do these calculations (plan A, B, C, etc) on a daily basis.

It is becoming a highly saturated market and you really need to make the place nice in order for it to get traction.

Nice location usually means increasing values and increasing rent.

Sometimes these deals are easy and smooth and everyone agrees, nice, and friendly, and then sometimes when they look easy, they end up way more complicated. 

In my experience (and I own in four different states), those reports are nice but already outdated.

hi just read the book and here to foster some partnerships in development (land to turn key) and short term airbnb rental scaling. i own a few pcs of real estate and rentals and was previously a licensed agent in CA, nice to meet you all

At the same time, 35k is a nice chunk of cash.... maybe just go do a deal? 

Lenders often use this to determine if they can extend further financing, so knowing this could give us a better idea of how much equity you can tap into.How much in carrying costs are you expecting to need during construction?

That gives me a nice buffer.The house I would be buying is 3500+ Sq ft just about one block away from a college.

Since it's not a primary residence, you are going to need to have 20% in to make the rate work so what loan type are you expecting to start with using your HELOC?