Bid on construstion , both hard and soft cost is 18 million. the NOI is estimated to be 10.2-10.8 million.

I'm interested in wholesaling and buy and hold investments.I am originally from Medellin, Colombia (so of course I enjoy soccer) and recently decided to learn how to play the electric bass .... making very slow progress with that endeavor, but having fun with it.Look forward to meeting other investors in the area and learning about REI!!!!!

There are hundreds of posts on this subject and I was definitely very soft in the beginning.

I'm originally from Michigan, so there's always a soft-spot in my heart for the Lions, but now that I live in SoCal, I follow the Rams/Chargers, with Chargers being the preference between the two. 

Make sure you account for all soft costs during construction and financing--are you going to require permits or variances to change the use to 14 units? 

Also, I am not sure about the soft/hard inquiry effect you would receive.I have also heard others that have had an emergency where they needed to take a (small) loan so they would take a loan for double the amount needed. 

It sounds like it will be mainly for investing purposes - great, you may not need a conventional brokerage (KW, JSCott, Bain, Wind etc) Find one locally where investors are involved - not all agents (very few) understand investing.How to start: Run the hard numbers, grab a spreadsheet and call the brokerages - plug in the hard numbers and then quantify the soft differences (investor mindset, training options, brand advantages, CRM options?)

It's about 2500 square feet, has a wrap around porch that overlooks a pond where I personally just caught a 5 lb large mouth bass this past week. 

Don’t forget all your soft costs this is going to cost you.

Up in WA even a great deal will push my dti higherDoing an example case; hypothetically current properties with PTI of $88,800/yr and income of $215,000 (using 75% of rent + 100% of w2) puts me at 41.3% DTIAdding in another deal similar to one that I recently did (monthly  PTI of $1650 and rent of $2200); using the 75% of income that would add $19,800yr of income and add $19,200yr to debt; making it $108,000 / $234800 = 46%Is the 45% dti limit on investment properties a hard or soft limit, or any way around it?