Debt to Income - DTI - is only use on FHA, conventional, Va and other typical residential transactions (consumer front).If you're going to a portfolio lender they look at lending from a 1.25x DSCR point of view (industry standard) which in essence is a 80% Debt to Income if you think about it.1 dollar of debt / 1.25 dollars of net operating income (NOI) = 1.25 X DSCR = 80% DTI Never the less us bankers joke about it all the time because it might be crazy from a residential loan officers point of view but in the banks eyes its not from a commercial point of view.The commercial bank views income property as a consistent sustainable source of reocurring income especially in stronger rental markets so having 1.25 dollars of net income coming in for every dollar of out going debt service payment is acceptable.The mess with this 1.25x they will sometimes make you conform even while subjecting you to underwriting at higher rates, shorter amortization periods, and other income adjustments that make it harder to obtain 1.25x.

What I see is that as soon as they stop reading some regulation and begin interjecting opinion or deductions, they usually stray from what is accurate, applicable, intended or compliant.Most people in RE are rather outgoing, confident, they will have an ego and will be very opinionated, it's our personality but experience has taught me that one should not tread in areas that they are not familiar with, that can be difficult to recognize sometimes given the motivations at hand.We will continue cussing and discussing the compliance issues in the forums when we shouldn't be as it's an area where only qualified souls should venture, those being attorneys, regulators, compliance specialists and upper bank or lending management who have responsibility for compliance.

Hi guys,I started out going to the courts and composing my own list of probate sellers by hand.

I would also be flexible to let the outgoing party out of their lease agreement early.

If you are just starting out go ahead and attend...but do not buy.

While the laws are changing to make the specific paint legal, I might take advantage of the monopoly since no one within a huge radius around me knows of the paint, PlastiDip) Not to toot my own horn, but I know I'm a natural leader with a strong outgoing personality.

Right now, the LLC has its own checkbook that ALL income and outgoes flow through, but the two properties are both in the same account.Any advice would be appreciated.Thanks, Dan Dietz

If carpet is coming out, go for ceramic tiled entries and durable laminates/vinyl.  

For more info on FICOs, and toos to help out, go to http://www.biggerpockets.com/credit-report.html.Good luck out there!

I have properties in all 3 areas if anyone needs help with anything just reach out.   Go