Some banks and lenders will cut you off at 6-7 even if your DTI is below the normal percentage.

If I do this, my PITI would jump up to $3,090, really cutting into any cash flow and the interest rate would jump to 8%.

I'm thinking I can get a nice purchase price if I under cut the banks by 1% and offer 15% required down as opposed to the traditional 20%.

Just looking at Zillow I’m having a hard time making the numbers work between prop taxes, insurance, management on 20% Down vs cash currently earning 5% (albeit that 5% going away soon with rate cuts)  To be completely honest, there's not much right now that will give you decent cashflow without getting into a full rehab.

We can certainly be more blunt in our wording.I will try a different rep..good idea, Thanks.

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

I would like to find a reliable wholesaler who has agreeable ARVs and Comps and leaves "meat on the bones", but of course still is able to have their fair cut of the deal. 

Located about 1/2 mile from the base of Sabino Canyon recreation area and Coronado National Forest, beautiful mountain views, cut-de-sac, very nice neighborhood.  

It was a huge investment, but it cut the electricity cost by the full 2K per/mo all summer.

Are you going to give them a cut of the profit?