I will decline to purchase first thing Monday morning. 

I just want to make sure we are dividing out the cash flow we can spend versus the cash flow we should save.

I plan to talk to both of them in the morning to figure out which is the best option for me. 

Fast forward, I called the agent this morning.

Divide the price of those units by the sqft, and you’ll get price per sqft.

They divide the investment strategies into three categories: normal, aggressive, passive.- These categories are based on cash on cash ROI.

The DSCR ratio is calculated by taking the rental amount (either from a lease or the 1007 page of an appraisal) divided by the new monthly PITI mortgage.

Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.

Divide by 2 for the both of you.  

Quote from @Kristie McCleary: Good morning, I am considering purchasing a quadplex that is in Commercial zoning.