Account ClosedThe debt-to-income ratio is commonly used when people are purchasing 1-4 unit properties where the underwriting is mostly performed on the borrower, not the property.

As soon as you get the swing of it then improve the property's performance and sell or keep it.

OR...sell it with a 1031 exchange and buy a higher performing property.The stock market is fickle in the short-term (most investments are), but if this is a "next 30yrs" decisions...you are likely to see exceptional growth in either vehicle, but less taxes in real estate.

Have to say I'm sorry to see new investors being pulled into such scammy techniques not understanding principles of real estate, how the market sets prices in equity, what happens after a sale contract is made where a seller relies on performance and how liable wholesalers are for damages, not to mention the potential of illegally acting as an agent without a license. 

Many contracts will speak to liquidated damages if seller or buyer is unable to perform.

Maximum loan amount for preapproval would then most likely be 95% of an appraised value of 440k for a conventional loan, or if you've gone > 3 years without buying a home you'll qualify as "first time" so 97% LTV would boost your appraised price range to 733k. 

Many times sellers will leave out items in the expenses to boost the cap rate.Briefly looking at the monthly expenses I don't see anything for property management. 

@Charles H.The report is accurate with the actual market performance. 

The boost I needed to get started in RE.Always try to provide value and you will cross paths with yours.

I had a beautiful oceanfront property in my portfolio, it was my worst performer by far, so I fixed that and it is now my primary residence!