They cited insurance reasons, which could very well be true, but many residents felt it as a big "f you" Now folks from outside the community could argue this was an entitled stance from the residents, to feel they had access to this private land when they didn't, and that on the face is certainly true.

This not true, mathematically.take this hypothetical: Current DTI-35%- $3750 Debts/$11,000 gross incomeadd a property that PITI is $4000, Gross income is $6500($2500 positive cash flow), now your DTI has grown to ~44%...$7750 debts/$17500 gross income

It might be true.

If the deal sounds too good to be true, it probably is.

If cash flow means you make $8 more than your mortgage payment in month 4, awesome, you have $8 for that month.But.... if you factor in closing costs, make ready costs, leasing costs, repairs... it's typically years out until TRUE cash flow, with a value add or a turnkey (unless you absolutely knock it out of the park with a BRRRR and then somehow cash flow after the refi, which I guess is possible but very unlikely.)

But the inverse is also true.

The floor joists are true dimensional 2x8.

This is true if it has good initial cash flow or poor initial cash flow (Like my San Diego market).Good luck

If you Bank/Lender does not allow it you can refinace the mortgage into a DSCR or true Portfolio loan program. 

It’s true that clients often prefer working with someone their own age or with more experience, so I’ll definitely keep that in mind as I move forward.