Looking forward to finding a good local group to be able to be a sponge and contribute where I can!

Hey @Scott Prock,There is a Bigger Pockets Meeup tomorrow at Cafe Ole in Boise tomorrow evening. 6:30pm 210 N.

Those who contribute have no idea what the information means to someone like me starting and trying to decide if this is for me.I've only been on the forums about a week or 2 now,  but it's great info. and I'm looking forward to learning more and hopefully dipping my toes in the water and moving towards working for myself and being truly happy!

I did not take into account prior landlord experience and we don't count the equity they have.What I do though is figure out how much income would be required with the following assumptions:We use 75% of gross rent from each propertyWe subtract the full mortgage principle and interest payment for each propertyWe subtract the full monthly HOA for each propertyWe subtract the monthly utilities they are paying on each rental property (often this is zero since tenant pays in most cases)We subtract monthly property taxes for each propertyWe subtract monthly insurance for each propertyThen, we divide by .45 for debt to income to find out how much income they'd either need to offset and "carry" this negative cash flowing rental or how much income this property contributes and therefore how much less income they need to earn.Does that seem right to you?

You're fortunate that the realtor is willing to contribute, I wouldn't.Yes, the deficiency waiver has nothing to do with the buyer, it addresses the unpaid balance on the loan.

It goes to show the power of networking and the solid community we have here.I hope you find what you're looking for and also find the time to contribute the knowledge/things you learn along the way!

It's nice to see that you're already offering to contribute to the community.

For a short term tenant who also has two dogs of their own that are contributing to the problem, I would not replace it at this point. 

Certainly the more popular strategyEasier to find conventional financing (The deals are safer for banks)ConsCan take awhile to build up the cashflow to sustain itselfTypically requires some form of personal cash contribution- Does your answer change based on locale?

Is it possible to find an investor to contribute the down payment amount in order to receive the loan?'