The only flaw I had was I purchased the property out right, where I should of applied for a mortage.

If so, would a different (smaller) ratio apply to how many units a certain population should have?

@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

What goes into proving that it is over 60% and when do you do it (before submitting for a permit or when you apply)?   

Hello,  I'm a FHA / Conventional & Private Money mortgage underwriter since 2012,  If your a first time real estate investor and never applied for Hard Money or Private Money lending for funding, I would suggest to stay with traditional lending (conventional) until you get familiar with real estate finacing.

The same thing applies if you've got a trophy rate on your current VA loan.Yes, you can buy another home with a VA loan, convert your current home into a rental and count the majority of the rental income towards offsetting your current mortgage payment to qualify for the new mortgage.

Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

Hello All,I am new to the REI world and have applied to be a franchisee for a house flipping company.

Or do they apply an equalization ratio.