Looking forward to meeting you all on the forms!

Invest in business cards and pass them to everyone you meet.

So, the issue will be brought before the committee at a future meeting. 

So far we have not had a tenant, that is established - more than a couple months in the unit, not be able to meet their rent commitment using this criteria.We have some tenants in our C area that would not have qualified if we used 3X. 

Now I hope to meet the closing date before the rate lock expires.  

Nice to meet you! 

If the property meets the certain guidelines set up, then you can purchase the property with a hard money loan.

My plan is to attend the next HOA meeting and state my case. 

@Amul S.Sure thing - Lenders go by the appraised value of the property, and lend you 70-75% of it's value.In order to do a successful BRRRR and cash out on all your initial capital, you need to make sure you can renovate and increase the value enough so that it meets this "rule", and you can get most if not all your money back and to pay back the HELOC.If your property appraises for 100k, most lenders will lend up to 70k-75k.I put the word rule in quotes because different lenders have different guidelines, but if you are looking for a conventional bank product like a 30-year fixed rate loan, Fannie Mae has their guidelines on how much they can lend up to.

@Michael J Ralph at the end of the day it's whether you want to manage the property yourself or not, and if the returns meet your goals.