Rents wouldn't come close to supporting it.

Im $140,000 in debtNOI:  $6,944.00Cash on Cash ROI:17.56%Monthly Cashflow:$439.09Income-Expense Ratio (2% Rule):1.96%Total Initial Equity:$94,000.00Gross Rent Multiplier:1.89Debt Coverage Ratio:4.15Purchase Cap Rate:27.78%Pro Forma Cap Rate:5.79%

Thank you for all of the support this past year.

Current comps are supporting a $700,000 property value, which would allow me to pull some cash out.

-Does a LLC or Corp not fit into the 1 loan rule?

Apparently the court even made a ruling to keep it dissolved.

My wife and are in the moment considering what you and your wife did. we built 3 years ago, and a house like mine just sold for 190k which we purchased for 150k. and since we lived in it for over 2 years im looking into the capital gains rule, super exciting stuff to learn.which i have way more upgrades plus the corner lot with an awesome back yard.

Here in Houston gurus, new investors, old investors, established investors all talk about the 70% rule and how in order to get a profit the "numbers" is what matters.

Commercial lenders will primarily review the commercial project to make sure the property cash flows and can support the debt.

HI Michael, So that 2 yr property management holds true for some lenders like wells fargo ( I just left there) but where I'm at now no you dont need it. what we would do if you dont have a lease agreement already lined up is order a investment property appraisal and the appraiser would determine what the rental market is there. if that doesn't work we have a portfolio lender as a plan B that will most likely do it as they don't play by fannie and freddies rules.