That would be an average 10% annual cash on cash not counting NOI from rent.

If you allow her to count unreported income but do not allow someone in a protected class you are liable to be hit with a suit.

The appriser  will count rehab cost so can compare with same comps in your area. 

So a 40 unit MF complex you could easily manage without having on site management but getting into the higher unit counts you almost have to.

I will never forget Las Vegas in 2009..In summary, of course there is no single best market, there are too many great markets to count for various reasons (depends on what is important to you) - by default I would always say the more local to your home you can stay the better.

Hi Devon,You don't need "traditional employment," you need income that can be verified - typically by tax returns - and that jives well with the payments on the debt that you currently have and on the amount of debt you are trying to take on.Rental income 'counts.'

Ultimately you may chose to spend the maint cashflow another way and plan to use a LOC to handle issues but that expense should be counted when figuring out if the property is cashflow positive or not.

Similar type inquiries count as one credit pull (usually) within that period.

In my non-expert opinion, I may be able to rent it out for as much as $800, but I certainly don't want to count on that to make the deal make sense. 

@Slaiman Atayee, I would question any cpa who told me that a rental investment property that I did not reside in could be counted as my primary residence.