For instance If I bought a house on 123 Green Street in 2011, the bank will now count the rental income toward my DTI.

Hi Anthony Green,Welcome to BP!

Andre Green try setting up a keyword alert here for Long Island so you will get notified if anyone mentions it in a post.

I segment the house into Kitchen/Bath(s)/Paint/Flooring/Mechanicals/Roof/Misc. etc.My advice to the OP is to start getting comfortable estimating project costs by eating the elephant one area at a time.

I want to flip houses with an emphasis on energy efficiency and green, healthy improvements.

@Bob E. at least 10% down payment, long term notes with 680 and above credit score to start.

Welcome Gerald Green.

@Alfred Green I'm actually in the middle of a rehab right now and I plan on getting this house rented out before I start looking for another deal.

Many servicers, like Green Tree assist in note preparation, have your attorney look it over as servicers providing notes may make changing servicers very difficult or expensive to do.

I'd recommend David Greene's book, "Long-Distance Real Estate Investing," if you haven't found it yet.Here are some resources you might consider with various perspectives on this:* A guide to market analysis* "Identifying Your Best Market, Neighborhood, and Property in 8 Steps"* "Is That Neighborhood Up-and-Coming?