So many reasons why you should run away.

Hello Folks -Just want to run a situation by everyone here and get some thoughts.  

My issue is, that I have run all of the exact numbers using the rental property calculator to analyze my house.  

My point would be: if your DTI is higher than 49%, how would you be making money from it anyway (given that the rest of your expenses to run the property are likely to be circa 50% of its income)?

.$365k acquisition on a $660k ARV is a huge home run.

I ran into a lot of construction problems this year when I tried scaling from 3 - 5 projects to 20-25 projects running at the same time.I have done a lot of flips in over the last sixteen years but I think BRRRR is an easier way to learn construction.On a flip, you have no room for error.  

Consumer dealings are the bread and butter of the big banks and the banksters who run them.

However, because I live in northern NJ, I run into the high market prices, and I almost immediately shoot down any deal.  

So it is quite literally their job to go run around telling ten thousand people that their offer is "verbally accepted" while still soliciting higher and better offers, and taking their sweet sweet time on having the seller sign anything that makes it real, until they are certain that it's the best deal they are going to get.

It is a lot of pieces to negotiate and the renter/buyer is usually not sophisticated enough to be comfortable with it.