And last, how do you confirm the tenant's identity - at application or at lease signing?

Hey Everyone, Talked to my mortgage broker today to see what kind of property i would qualify for with a conventional mortgage, and she said something that I wanted to verify with everyone.A couple of properties I am looking at are Condos, and they have an association fee associated with them.My broker pretty much cut me off and said, any unit that is part of a "Condo Association" will not qualify for a convention mortgage on an investment property.  

If someone can verify my spreadsheet I will really be grateful.Since I cannot attach it to here, I will need to send it to you. 

This one is pretty obvious but make sure you verify closing costs.  

If not, check out "Been Verified."

@Simcha Davidian Our situations are identical.

You need to find people that are experienced with it and verify it with references.

If you are looking to learn about real estate outside of Killeen, I'd suggest finding a comparable expert with a verifiable real estate portfolio.  

If someone comes to me, I'll send them your way.If you need help in your search or want to verify something don't hesitate to ask.For example: I have clients worldwide and things are just as easy as I e-mail them, talking on the phone.

So say you have a couple of properties and they are leveraged out. Banks seem to count 75% of rental income AFTER expenses right? So if income for a property is 2000/month, they count 1500 minus mortgage, tax and insu...