When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

Iv'e been thinking of purchasing this after completing my hours. 

@Mitch Davidson I purchased a property recently and closing in May.

I think we will likely go with the Fannie Mae loan for purchasing.

@Polat Caglayan The majority of investors who become involved in the section 8 program do so because they purchase lousy real estate and leasing the units to section 8 tenants is the best option on the table.

Many real estate investors opt for a fix-and-flip loan because they’re relatively easy to obtain: no personal income verification (no DTI requirements), and you can often borrow up to 90% of the purchase price and 100% of the rehab costs.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

If I purchase in California, I would most likely do a House Hack as my primarily.

The lease I had before, I purchased from RentPrep, and I really like it because it covers so many things.

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.