Many investors seem to believe there is only one “right” way to invest but we both agree “one size does not fit all”.

Her mortgage would be equal to 1/4 of the mortgage and then I would rent the other units to cover the other expenses and my 3/4 portion of the mortgage. 

If it is densly populated and most homes are similar age/size and you still cant' find any, then you can start looking back more than 6 months if needed. 

Best to work with a lender that can do both the fix n flip and refinance at good rates, typically a hard money lender will have much higher rates on DSCR portion than a DSCR lender. 

Jay is right, this is on the not so good side of town and you’ll be sink tons of money into an investment to not have decent clients and be able to rent the units out for more than $600/800 depending on the size and location.

Since I kind of messed up with not noting the issue sooner, I'm going to be accommodating and waive late fees and set up a payment schedule over a couple of months to make up the lost rent.... but I'm not eating the full $$ or even a portion of it.

Hello real estate broker said property will be up for sale under market value 2 bedroom coop in Woodside, NY area in the 400k range value range for a fixed up same apt is listed and sold 545k same size 950sf to remodel all of apt am assuming 50k cosmetic remodeling not in the walls.

Seems that I need to buy the 14 inch rough in toilets (which is hard, because only few models are available at Home Depot and Lowes, since this is a non-standard size).

Last Month's Rent is often not allowed under these programs because the program is guaranteeing the funds (or portion thereof).Otherwise, stick to your qualifications and screening criteria. 

Sale Price: $525kPurchase Price: $325kMortgage Left: $268000Estimated Gains: 224kMy portion of the gains (after 50/50 split with wife): $112,000Questions-Do I have to purchase a home of $525k with my $112k or simply a home of $112k or higher?