IF THEY WANT TO TAKE UP AN EXTRA 20 MINUTES OF YOUR TIME AND JUST TALK, BE A DECENT PERSON AND LISTEN.This guy was an old-timer, well-off and he said he just liked us because we confirmed times to show up for viewing the house and never tried to act too cool for the property or totally low-ball him.

@Robert BladeIn general, lenders want to see monthly housing debt of no more than 28%-33% of your income and total debt of no more than 38% of your income.The rental income should be ~80% supposedly your current rental income to account for vacancy etc, If you are government employees guarantee for perpetual income want to work another 10-15 years you can be a bit aggressive on total debt. 

Any title co could tell you, it should be fairly obvious.  

Am I missing the obvious?

The two are totally different strategies and use totally different skills. 

, and we came across a three property 450 unit portfolio in surrounding counties for a total acquisition price of about $50M.

I'm in the process of drafting a prenup; I currently have two LLC's, with a total of five houses combined valued at roughly $900K, half of which is mine, half belonging to my business partner; I also have two rental properties held in my name. 

I've been speaking with my CPA (who obviously isn't a lawyer) & my compliance coach from the business who set up my first LLC. 

Kitchens and bathrooms are the rooms that draw people in and it will be obvious if you skimped which might cost you time and money waiting for the right buyer. 

This obviously has to be taken into account when doing this strategy right?