State law varies and I suspect some details are missing.

In lending everything has a paper trail down to the smallest detail.

You don't need all the fine details, but if they can't give you a general idea of what business they plan to operate in your building than you probably don't want them in your building.

Its important to find a broker who will be very inquisitive of all the details of your deal up front. 

Can you PM me the details?

The Team Leader at the local level will be your best resource for all the details involved with being a part of the Keller family.

It is used to make a quick assumption on a property and can be valuable when an investor wants to do a quick look at multiple properties without knowing a lot about the details of those properties.As I noted in my response, better companies, doing better renovations and offering a higher standard of management, will be successful at holding down those costs over time and may even be closer to 40%.  

Thanks for your detailed input.

This is a fairly common question and it does have some important details to understand:There is quite a bit of difference in how rental income is counted between a "FHA" loan and a "Conventional" loan. 

Account ClosedThanks for the comments and details.