I am new to Bigger Pockets and wanted to introduce myself.

For underwriting purposes, adding 19,000 back to income for the purpose of determining DTI is very different than $1,000. its literally $19,000. 

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

I cu

To use it, you have to make a lot of assumptions.

Feel free to reach out.  

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

I was trying to use the rental profit calculator but it did not have an option that I could see for Canadian towns and Provinces.

I’m attempting to go through the program as an owner occupant to get in with as little down as possible.

I want to know how to find cash buyers?