You can remain tough but you may be eliminating qualified candidates who are reading too much in to your ad.

It gives me 4 rentals instead of 2 but it's still a low number to manage.With the 2 mortgages I have now, if I just get the 1 duplex, that will be #3 with 1 remaining mortgage.I'm not sure if flipping back and forth from conventional lending to portfolio lending is done until the max #4 mortgages is exceeded.1-Is it  possible to buy a quad (2 separate duplexes) and have that as one mortgage in the Fannie world? 

Being a college town with a strong oil/gas industry presence, I expect rents to remain stable and/or even increase over time.

Looks like we've remained about steady for properties under 100K for that past year.

TRANSFER: The mortgage or deed of trust will be due on transfer and will not be assumable except the note will include the provision “Borrower has the right to sell the property on wraparound financing whereas Borrower continues to pay Seller directly and remain fully responsible for repayment the note.”

In fact TBC recommends you rely on your 3rd parties heavily and remain strictly as a lender.TBC recommends all the transactions (in the beginning) only be made on NOO investor loans on SFR 1-4 type properties. 6-12 mos, velocity type hard money loans.

So here my calculation:$1,260/month = $15,120 yearly - 50% expenses = $7,560 NOI or $630 per month minus your payment for financing of $590 remains $40 in your pocket monthly or $480 yearly = far too little.You need about $80 NOi per month per unit!!!

Pouring environmentally-safe anti-freeze down the drains and in toilet bowls and tanks can keep water remaining in the P-traps from freezing as well.I do want to commend you for having your neighbors check on the property. 

I feel that the more sincere your thoughts are, the easier it is to remain focused in the long run.

It bumped my overall utilization/limit to about 50% I would like to get this lower and was considering paying off a second no interest loan that I have about 8 months remaining on.