Requirements for reserves, down payment, net worth, and cross-collateralization with other assets might be a challenge to meet if you are stretching.

. #3 Everybody exaggerates and stretches the truth.

That is a 13% debt-to-income, assuming no other debts.I dont want to stretch my definition too thin, but if someone who is making minimum wage can qualify for a mortgage, then we are probably in a puddle.

If I made a deal to stretch out the deposit it would be documented in my lease and I would not offer up any other graces to my tenant, especially this early in the relationship!

Time Bandwidth - Also could be a time bandwidth issue...only so many hours in a day and don't want to stretch yourself too thin.

By putting 10% of your gross in savings right away, you force yourself to stretch, make things work with the remaining 90%.

You may find your dollars stretch the further east or north you go from the 02.My focus is on the south side down to San Marcos (the most southern 50,000+ college town end of the MSA).

If you were willing to pay $70k would you stretch to 73k or just say no?

This allows you to flip with no cash of your own.Sometimes due to bank requirements this can't be done the same day and must be stretched out to 60, 90 or 120 days.

It's a stretch but you never know until you try.