@Upen Patel...and the appraisal, survey, home inspection...all come after with a "fully approved loan" in play...If any of those items come back with an issue, how does underwriting adjust for the many things that can happen.

Can the kids play out front and be safe?

These issues are "life occurrences" things happen where people end up having legal issues, estate matters, financial concerns or things they have done surface because of some other event or even conversation.Many factors play on these risks of discovery and going forward to an unpleasant ending. 

If everything is mid $500k's I'd shoot for $550k for arguments sake, consider anything higher than that a bonus.

I know there a lot of factors and variables that go in to play but have you seen or have any experience yourselves with making good money in your first year as an agent.

But don't play games with me because I will out game a newbie every time.

I'd try to get a well rounded market that has positive rental cash flow as well as potential appreciation rather than a pure cashflow play (like Columbus) or a pure appreciation play (like LA).

Like you said, anything outside the peak time will be bonus money. 

They are playing in the social aspects of the market, adding acceptable value to a property. 

Can I ask what percentage of rent did they allow you to use for qualifing or maybe that did not need to come into play?