There is prequalification criteria and the programs have different requirements based on the prequalification responses.

It can vary widely based on just the local area.

Based on the above projections I receive, I then decide to move forward with the property or look elsewhere. 

Buying a property based on video tours and pictures isn't the same as seeing it in person, plus all the renovation and repair issues, winter weather issues, hurricanes, etc.

I'm based in Central Florida and plan to invest in my area about an hour north of Orlando.

After George Air Force base closed, so did a lot of Businesses, Growth in the area stopped almost overnight. finally started to pick up again in about 2004 then all of the sudden home prices in the area rose 300-400% between 04 and 08...

(A 3 family would be 4 units counting the exterior, so use $24,000 as a base number to negotiate with.)There;s also a database online you can check to see if the unit has ever been inspected.Good Luck!

Hi Jordan,A business partner of mine is working on a calculator that estimates the costs associated with holding a property, based on constantly updated real world data. 

While our initial down payment was modest, our loan to value is estimated at 71% based on current home value.

I am basing my calculations on the lower number to be conservative.