I don't think it is wise to count on this to sustain yourself in the short-term. 

Then, the same room count is the same as the plans. 

Just ask them how rental income works from the property you are purchasing & if the rental income can be counted towards making your DTI work, if needed.If they say you need to travel in time to put it on two years of personal historic tax returns, you know they (or their firm, same thing) aren't REI friendly and can move on.If you end up with 3 out of 3 local lenders being REI friendly, you've got a problem that I suspect many BP members would be envious of. :)

That's important to know.What's also important to know is that you will not likely be able to count on the type contingencies that are afforded other buyers to perform extensive due diligence.

Count me in. 

This does not count as capital gains or dividend payouts like big investors get.  

., how close to the prop you are valuing. write down 6 or so if possible, don't count the highest and lowest, add up what's left and divide by that # to come up with an average price per sq ftlAlso need to look close at ones that have been fixed up, difinitely not a cut and dry process, but another tool.

I'm trying not to count my chickens before they hatched but I got an offer that I accepted on my first fix and flip.My cousin who is pretty big in the business and has been helping me along sent me this deal.

Materials discounts don't count because the multiplier is computed on ARV and repair cost is subtracted after that.The reason it works in CA is because the prices are higher, so a 10% profit in terms of dollars is a meaningful number.

I would count your losses and chalk it up as tuition.