If I can jump through all the hoops.. my debt to income ratio is on my side, its very low. income tax season is here, so that will help me out. one issue is; my work has been slow the past couple months, only working 2-3 days a week. but we are finally picking up and should be busy for a while, my YTD income/income over the past 2 years has not been very good due to having 4 surgeries(work out injuries).... although I was collecting short term disability all 10 months off work. hopefully the bank see's how much money I make a week now and everything works out, wish me luck BP FAMILY :) 

He owes $10,000 in credit card debt, student loans, and property taxes.

But if your current portfolio is not strong you won't fix it by adding debt. 

(High leverage, interest only, long term fixed rate debt at sub 5% interest rates).First step would be to develop a realistic view of the current economy.

A while back wholesalers were listing their deals on Zillow  while they were under contract but they didn't have possession of the property.

My understanding is that most banks like to see two years of the asset performing as a rental before they see it as an asset and not merely as a (good) debt/liability?  

Cash you receive is the net cash after all expenses have been paid, including debt servicing. 

So obviously we calculate this against projected gross rent- minus debt service capex vac...and we receive our cash on cash return %.

Yea, so after about 2 years I still don’t know what even possessed me to go back online and start researching more but I jumped back in .

Your goals and plan usually has that information and the range of each one like positive cash flow, cash on cash return, net operating income that includes debt service payment. the positive cash flow on day one of your ownership, and the items you mentioned, the type of parking and on-site and nearby amenities are very important as well as the first impression of the subject properties.