What is ideal?

My ideal situation would be to do as @Glenn McCrorey stated and try to get that loan down to 5% which would get the payments down to around $475 which would fee up $175 a month at no cost other than closing, which sounds like a solid investment to me!

Ideally you want to align yourself as a partner (till you get your capital up) vs just a contractor.

Hi everyone, looking to connect with any mortgage professionals that either work for a boutique operation or own/operate their own brokerage located in Southern California (ideally Los Angeles) to gather some insight on the day to day operations.Thanks!

Now I have mostly dealt with handy men and this is the first time I deal with contractors.

Pm me for actual numbers and even links if you like.You are right, though, you are seldom going to find a quad in an ideal, dream home, stepford wives type subdivision of white picket fences and Norman  Rockwell charm...The quad on quad street is no one's dream home, but if you have a good product at the right price, you may get dozens of calls ( I have logged a hundred in the peak season) for that clean but affordable humdrum unit on quad street.

One of my best friends owns a PM company in Missoula which would be ideal to use if/when I get a property landed there.

Absolute worst case if you have no other options do you have a whole life policy you can loan from or a 401k loan etc, not ideal but an option. 

Since it's ideal to approve a rental applicant with income 3 times the rent, I wonder if combined income of multiple applicants over 18 who will be living in the unit qualifies this requirement? 

We would then, ideally, move to Maine, live in the owners quarters and run the Inn as a business.