Even ones that advertise that they'll lend 90-95% LTC (loan-to-cost) will want to see that you have enough funds to cover the down payment, points, closing costs, 3-6 months of interest payments, and funds to front the rehab (since their rehab loan is given to you in disbursements as the rehab progresses). 

From our little bit of experience we found we can hold market rent + electric at our other properties we own.Based on the small amount of expirence I have, I am inclined to make an offer to the seller as such:Contingent on:1)All deferred maintenance completed or a $10,000 sellers credit directly for repairs and maintenance2)All units move in ready condition per buyer standardsIf sold at current (100%) occupancy we offer $285,000If sold at 50% tenant vancancy we offer $300,000If sold at 100% tenant vacancy we offer $315,000OR 100% sellers financing with a purchase price of $330,000You can see it is counter intuitive to pay more for a non performing asset, however we save eviction costs/ time while being in a strong position to advertise and fill the deal with properly screened tenants locked into our lease, paying at our desired terms.

The mortgage payment would NOT be counted in your monthly liabilities, because it's already accounted for in that $300 calculation.Yes, if you include additional expenses like a management fee, or commissions, maintenance, advertising, etc., those would not be added back and they would reduce the amount you can qualify for.You take Schedule E profit of $3,734, and add back interest, insurance, taxes, and depreciation. 

How do you advertise?

Hello BP Community,I just saw a 3/2 that is advertised with an additional in-law 2/1. 

We've been advertising for about 2 weeks and  after screening out several who were obvious they wouldn't be a good match for us for various reasons (bad credit, don't earn enough income, don't want a 12 month lease, etc.) we have our first prospects that look like potential tenants (husband, wife, 2 young children).  

The problems with them is if your house needs extra advertising or extra care to sell it may not work.

We advertise on their box tops the first seven days of the month5.

I think most people don't want to spend the time to advertise, show and figure out how to fill out purchase agreements and all that crap.  

I don't know what your price point is on the house, but being able advertise "luxury master with his & her walk-in closets" is  huge- just ask any selling agent.