Income Item Monthly Income   Rent 1500 Mortgage interest write off 100 Depreciation write off 113 Property insurance write off 23 Repair expenses write off 93.75 Maintenance expenses write off 93.75 HOA write off 10 Utilities payments write off   Property management write off 37.5 Legal/Professional fee write off 0 Vacant time write-off     Total Projected Income $1,971.00 Other benefits: Continual increase in equity via property appreciation and reduction in loan balance.    

This type of inspection is geared more toward finding large ticket items like roof, attic, structural, system wide problems like aluminum wiring.

It is going to be tough without a track record, credit, or money but maybe you can partner with others who have those other items you are lacking and get some deals done.

DTI lower than high 30% range3.  2X liquidityFor item 2 our banker claimed that they'd only count 25% - 50% of rental income for the "I" (denominator) in the DTI calculation.  

Get the CAM first then try larger companies they seem elusive but are hungry for people that want to work.. good organizers, and good sellers,, after all when you rent a apartment for 1000.00 a month that's a big ticket item, it's half a car,, and it's a USED apartment..

Take delicate notes when talking to them and ask questions that will get them to talk about their motivations and their personal life.

While it may not sound like a big deal at this point say you find a big item like broken beam in the attic.

But the random inspections are not ok in my view - there should be a warrant process - Not a hey were inspecting and found these violations x & x etc.I fretted the first one as they provide a list and some items were a bit crazy. 

In the analysis spreadsheet that I developed for acquisitions, I use $1500 as the number for closing costs (title attorney only; mortgage origination is a separate line item) and I believe that will typically overshoot it. 

The only additional item required to buy these is a good dose of patience.