It takes into account all other debt payments to avoid applicants stretching too much.

But what happened to my portfolio is that in a stretch of one month one tenant moved out so I incurred replacement costs, in another I had to replace the water heater, and another had a plumbing issue.

Here's the situation. 6 unit Multifamily in ArkansasI MIGHT be able to show the reserves needed (but really it's a stretch)$250K Purchase Price$100K renovation$500K ARV$6K After Repair Monthly Rent(I WANT THIS PROPERTY!)

Lynn, looking at the pictures of the work that was done it's quite a stretch to call that a "mistake." 

Maybe in 20 years or so I could see the Metro stretching out to Winchester or at least Front Royal (along 66) but thats a long ways out.

You don't want to stretch the numbers to make it a single or double at best and things go south and you lose the shirt off your back. 

I think you and your tenants would appreciate the piece of mind of just replacing an old furnace prior to the winter months rather then trying to "stretch it out" one last season.

You will always have odd 1-3 day stretches early week that don't make sense for most, especially if you are in a true vacation area. 

However, if the city is on board with more affordable housing then maybe a rezone isn't a stretch for the land. 

Not trying to be greedy, just getting a quick understanding of commonly deducted expenses that are often overseen.Thinking of maybe: cell phone bill, home office space, gas used (this one is a stretch since I live on the property).