.$4,000 x 0.75 = $3,000Monthly Mortgage Payment: Assume the total monthly mortgage payment (PITI + MIP) is $2,800.Result:Since the adjusted rental income ($3,000) is greater than the monthly mortgage payment ($2,800), the property passes the FHA self-sufficiency test.Importance of the Test:The self-sufficiency test is crucial for borrowers looking to finance a 3- or 4-unit property with an FHA loan.

This is particularly important as I prefer to self-manage properties, and accurate cost estimations are crucial for maintaining profitability.Scalability: These rules help in maintaining a consistent evaluation metric across multiple properties and markets, aiding in scaling my portfolio systematically.That said, I understand that each investment should be evaluated on its own merits and that these rules may not capture the full picture.

Providing all data needed upfront and application completed asap is crucial … getting title / escrow / appraisal ordered on a rush is possible as well 

For sellers, this means that setting the right price from the start and presenting your home beautifully are more crucial than ever.Time is also a factor to consider, with the median time to contract rising to 35 days—a 59.09% increase from last year.

Don’t rush the decision; your broker is an important partner in this journey.Property Management:Since you’re investing out of state, finding a trustworthy property management company is crucial.

Leveraging technology and building a reliable team on the ground (property managers, contractors, etc.) are crucial when you’re managing properties from afar.Feel free to reach out if you want to talk more about specific US markets or strategies!

There was so much nicotine & tar on the ceilings that it looked like someone painted them orange.

I'm in Orange County, but not against working with anyone outside the curtain.

Lastly, maintaining a positive mindset and staying persistent is crucial.

It allows you to leverage the property without affecting your credit, but its crucial to fully understand the terms and ensure it aligns with your investment strategy.