:@Paul Ostler:I found a great post about this not to long ago something  I been looking into as well. 123-real-estate-investing-Subject To The first part of that is fine, then it gets into pure garbage, never use a power of attorney, never!

Sugar coating by saying Hi is a tough cash flow market doesnt do OP any good.   10% of ones income to feed an allygator isnt what RE is about.Being in the game just to be in the game is pure SILLYNESS. 

With your experience with PenFed so far, have you been able to get a HELOC on a purely rental property? 

Also assuming the property you are buying will be a pure investment, and not a place you intend to live.Fannie Mae actually follows the "Rich Dad Poor Dad" book pretty closely, FYI.

We invest all of my income into buying houses, while we live on just my husbands salary.Our model is buy and hold real estate through pure rentals, personals turned rentals all being class A properties so smaller margin but lower expenses.

I am still a part time local Realtor that makes the over the missing 30% but eventually want to be pure passive in my income.   

Than when my income picked up we started complimenting pure investments to personal properties.At this point I would advise you to save save save!

Their job is to purely look at the house and if they want to ask any questions, they are to be related to the condition of the house only.

However, don't confuse this with common practice or pure coincidence. 

Through all the research I've done, I don't think it would be wise to invest purely on an appreciation play.