I'll follow up with everyone once I chat with my lender and see what he says about it. 

The Division of Real Estate has very strict guidelines in how that money is handled.

A cash purchase is basically that, no one accepts suitcases full of cash anymore, but no one will check where it came from.Bank loans of course are MUCH more strict.

I'm sure there isn't an exact formula and it depends on the area and other factors, but if there are rough rules that people follow it would be helpful for me to hear them.Lastly, the cash flow on this property isn't going to be much (after setting aside 5/5/5 for vacancy, repair, and cap expenditures) until I am able to bring the rents up to market rate, so I will be managing this property myself.

I was able to find information online for the following:1.

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Follow up on all of your leads quickly.

I’ll be following as I’m beginning to research this process myself!

But I believe their standards for DTI would be too strict for my current situation. 

The main things that come to mind are as follows:1.