@Kareem ArnoldAssuming owner occupied...A typical lender for a conventional loan will only lend up to 80% of the sales price (20% down payment), or the appraisal price, whichever is "lower." 

It's all about how much time and energy you can reasonably put into the investment over time.I will absolutely second (or third) the comments here about visiting the market, whichever direction you go.

No waiting period but if you don't qualify for delayed financing you're going to have to go off the purchase price or appraised value, whichever is less within 6 month.  

Good luck to you whichever path you choose.

Whichever gets me the best cash flow..in other words, the lowest monthly payment.  

It's definitely frustrating - what I have with one of my properties is a portfolio loan with an adjustable rate, and I'll refi either once I get my DTI back up OR I have 2 years of income to submit, whichever comes first.  

Just click on the map to your state, then click on your county, then go to the data online for which ever branch of public records you need.http://publicrecords.netronline.comHope this helps, so here is that other post.Finding absentee owners and their phone numbers is actually pretty easy now days.

Most people don't care about the details, and those who do will ask...for them, the title doesn't matter, and once I tell them what I do, they'll categorize me whichever way they want...

The charge 49.00 per month, 150.00 per year for EMO and 299.00 or 10% (whichever is lower than the commission) on every closed transaction.

Whichever you feel would be higher over your investment horizon is what you need to go with.