Thanks for the feedback; some quick stats: 9 doors across 4 states, about 50% LTV ratio with a Net Income of about 17% and cash on cash of about 3%.....in fairness those numbers include some overall business expenses not tied directly to one specific property.

While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

Right now, I'm drowning in much better opportunities and by the time I wrap those up, I'll be retiring on some riverfront property that I like. 

On a commercial asset the value is directly based on the NOI (net operating income).

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

It would depend on your income, location and price of the home. 

@Alec Barnes we use Debt-To-Income Ratio (DTI) instead of income = 3x rent.Reason?

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

You can purchase a primary home with seller financing, then rent out the spare rooms to generate income.

My husband is a high income W2 earner, and meeting active criteria would put some of our tax dollars back in our pocket.