They don't really care where your money comes from because if you default and they end up with it, they own it at a discount. 

Tenants dont care about your spreadsheet

Most lenders will not put a lot of work into a loan until they have some sort of borrower skin in the game.

Perfection can kill you if you are not careful. 

Long and short of it: Be careful!

Be careful with any of them though, ALWAYS ask for references.

The closing costs for FHA are out of this world so I wanted to go conventional for a few reasons Smoother closeI know I can qualify for the mortgage amount if I can burrow money to put down and eventually give back of course :)Stronger deal than FHA ___________________Rents $2495Unit 1- $895Unit 2- $750Unit 3- Vacant Unit 4- $850Expenses Property Taxes : $245/moInsurance : $227/moVacancy : 5% (extremely strong rental area)PM: 7% ($171.50)Lawn care: $50/moReserves : $100/moCap ex: $100/MO (very well taken care of stainless steel throughout, roof 5 years old, new paint, HVAC 5-6 years old)Expenses $893.50(Income) Rent - expenses =  (NOI) $1476.75Mortgage- $969 (With bridge loan or other burrowed money 30% down (87k) 70%LTVNOI - Mortgage = Cashflow ($507.50)Bridge loan payment - $580/MO87k at 8% 2-3 year balloon -$72.51 cashflow with (bridge loan)$507.59 cashflow without bridge loanKeep in mind I did this for only 3 units, I will be owner occupying this property or should I not?!

Take care :)

I have bought CFD’s before where you know what they paid and they were making a killing on it and honestly, I didn’t care because my projected returns were also above 30% which exceeded my requirements for acquisition.

They have more skin in the game then you do.Make sure you get clear title.