Buying in a C area is ok but you need to realize that the low price will reflect the high management issues you may have.

Your DTI will improve as your loan applications reflect your rents.

FHA finance up to quadplexes, but in this case your offer price should reflect what triplexes go for, not 6units.

If you think you can easily replace the tenant--at that rent--, then go for it you're indifferent as to the tenant.Otherwise, offer a discount that reflects the reality of trying to re-let in 5 years...

I do no animals in my propertiesjust because of that reasonive found you cant have nice things with animals- unless your in the country and have acreage so they stay outside- then there is the digging problemI would change your leases to reflect no animalscat urine is the worst you cannot ever get that smell out without a lot of tear out and workenjoy

Does it typically reflect what it could sell for right now or what?

@Bob Bowling On reflection, I think we're saying the same thing and getting tripped up over terms.

Thank you everyone for taking the time to reply to this - i've revised my cash flow estimate to better reflect additional expenses (utilities), a 10% vacancy rate, and property management fee of $295 monthly.

Trying to evaluate hypothetical situations can be very time consuming, and often doesn't reflect reality once the paperwork is actually reviewed.  

Some have already taken time out to reflect on the past year, and to set New Year’s resolutions.