So if I had a $900 monthly payment on the second property they would see it as $1800/mo in mortgage expenses versus $2300 in income and deny the application correct?

Additionally, mobile homes in parks will often times sell much much faster with payments versus an all cash or conventionally financed sale.

what about furnished versus unfurnished?

Hi Chanelle,It's such a broad question it's hard to answer.With you being in Canada and wanting to invest in the United States that adds more layers of complexity versus an instate or out of state buyer.RBC bank and TD bank do some lending in certain states here where they have branches.

If it's purely an investment statistically when things go wrong owners can walk away versus where they sleep at night.

They will weigh the price versus the rent.

As far as you and I discussing the this, I was hoping we would have discussed every page in detail on the offer and this would have been discussed but when we got to doing the offer it all went fast and we never discussed it or other items at all or at length.I did ask my broker as mentioned if I could pay on your behalf and she said I couldn’t let me ask her another way if I don’t put on contract paperwork and then pay them directly it wont seem like I am paying it at the closing table.Its like when the bank charges you to hold your money with a monthly feeAnd I give them 26 % of the commission, so something to think about in the future with me and ***** doing our own thing versus having a big time real estate name behind us and big time fee’s to pay themDoes her response match with standard industry practice or should I push back on what in her own words is a 'bogus fee?'

I would lean more towards offering them an incentive to leave early versus a reduced rent while marketing.  

With the failure of Fannie Mae and Freddie Mac, and it's potential elimination in the next five years, Crowdfunding seems like the next best thing versus Hard Money.

I understand I'm going to need more partners on commercial to afford it but at the end of the day, will my ROI be similar to residential one.Is there considerably less maintenance on commercial properties (as a tenant will be responsible for maintaining the property, for example, a restaurant owner will be responsible if a water leak is caused by an employee in the kitchen versus a residential apartment tenant, will call me and I have to get it fixed).I hope my question is not too complicated, all opinions are welcomed.