Let’s say you earn 4000 a month (before tax) and after you get into a househack your piti is 1200.So your debt is 1200 plus 500 divided by 4000 which is .425 which is close to the limit of .5You can either post the exact numbers or you can just take my example and insert your own, the math works the same.

Be careful how you explain this.When I first purchased my 4 plex in East Hartford, I made this:Hello XYZ Tenant, Your rent was due on [Insert Month] 1st.

Make it clear you need it for reference only and won't just insert your name and start using it as-is without attorney review.

Keep in mind anything you do for one tenant you have to do for all of them or you risk explaining why you allowed a (insert race/religion/nationality etc) to pay half month rent and why you didn't allow a (insert race/religion/nationality etc) to do it next month.

Feel free to e-mail or PM me.At this stage, I'm toying with the idea of having the Seller's attorney draw up the documents, and then I can insert/delete clauses as necessary.

CDP inserted his own clauses for additional protectionsBe super specific — ambiguity is dangerousDefine process for change orders upfrontCDP used GC’s for primary build, but not for projects like the garage, tile, painting…can save money here, but your call as homeowner / investor.

Forget about cash flow - "cash flow" doesn't determine whether any particular investment is a good one or not.Think about it this way: you could loan your $200k to me [or insert any ones of hundreds of others that would take you up on it] and I will GUARANTEE you $12,000 in interest every year and you can have your money back any time you want with 3 months notice.  

Do it right the first time, don't do something stupid (insert the word ILLEGAL) just because you want something.

Try this: In your contract put a clause that states: Seller relinquishes the rights to market the property to (insert your COMPANY name). 

@Dong YanIf you're that far along, it's not likely you can insert those terms into the P&S---most attorneys would strike the attempt if it wasn't in the offer.But you can still proceed with offering the current tenants a rate hike or asking them to clear out if they don't accept.