Never make a decision based on advice given by a broker, investment advisor, attorney, your priest, friend, another investor or family members.

This obviously does not help your DTI because the max is 45%-50%.

Most conventional lenders, if you're going for a 2nd mortgage, would only go to 90% max (I would think). 

Great insight, Max! I

I’d call a priest not an attorney .

You bring the check down payment and the lender will wire the other funds for the purchasePros and Cons of Conventional LoanPros Low-interest rate Long terms Professionalism StableCons Max number of loans — max is 10, but is hard to reach that because most people debt-to-Income (DTI) ratio is too great Slow process Property condition — the bank won't loan on a deal that is in really bad shape Not entity friendly — banks won't loan through an LLCPortfolio Lenders You deal with a person, not a faceless corporationHow to find?

Besides, my max is 170k and I’m hoping to be in the first of the line when he does. 

If $300k is truly your max, I would highly encourage you consider duplexes as they often do fall under that $300k range that still need a bit of work and and improve the value over time through forced appreciation.

Banks want you to close as individuals and max is 10 property under your name.

@Max K.Hey Max!I