.: @Indrani Peyton There are more details than just simply getting approved for 400K with a minimum 27K income.

It can serve two purposes, provide a roof over your head and still provide some income to OFFSET your LARGE MORTGAGE payment, since you are considering putting 5% down.  

But short term an auto loan will only take away from your income/ability to afford a mortgage.Most lenders will allow for a credit score as low as 580 for FHA and 640 for conventional loans.

Or a $1million paid off property you could keep for the income, depreciate for the tax writeoffs, or sell and net $920k tax free.

The latter has been tough to justify as population growth has been stagnant, aging population, and corporate downsizing….Thanks,Parris

I started an LLC about a year ago because I thought that was the correct thing to do but now I hear about this " corporate veil piercing " if I'm sued.

We have to do a no docs loan as we don't have enough personal income to qualify otherwise. 

Dillman (Author)Also, I've tried searching for a SIOR reading list, and found these three titles:Confessions of a Commercial Real Estate BrokerThe CFO's Guide to Understanding Corporate Real Estate TransactionsGo For Broker: An Executive's Guide to Hiring a Broker for Today's Complex Real Estate DealsAre there any other books you would highly recommend? 

If so, knock that down to about 40k income. 

I ask because I don't see many listings online that don't include much detail...and wondering if I should.All 18+ applicants must complete the application and pay the application fee.Credit score of 700+, No bills in collection.Steady employment or other acceptable source of regular income for 3+ years.Gross monthly income at least 3.5 times the monthly rental rate.Monthly payment Debt-to-gross-income ratio no higher than 40%.