If this ratio is 40% or less, you should be fine, might even be OK up to 45% with stellar credit (740+).

I'm not sure how well it's gonna work yet but all reviews seem to be pretty stellar. 

Finding a great deal on something in less than stellar condition could leave you with more meat on the bone down the road if you renovate or put in some sweat equity.

I think it’s very unlikely that all of the stellar track records that we’re seeing today from these younger sponsors will still be intact after the next recession.

@Mike Nuss response is stellar as well. 

Moreover, your marketing of the properties has to be stellar to achieve very high occupancy rates.

The need for a probate in those situations often indicates little or no estate planning and less than stellar financial decisions.

The book is truly stellar, and you're more than welcome to get it through us or Amazon.We're here to help you as you begin your adventures in flipping -- let us know any questions you've got.

So much stellar content and so little time.Sounds like you have some experience under your belt already and that's fantastic.

About the only factor keeping home prices from launching into inter-stellar space is the dearth of lending since the crash.That said, of course, any impact to the work force is going soften the Real Estate market.