SFRs in the Bay area are crazy expensive, the down payment and mortgage payment would be a huge gap to fill.2.

He said all the cash flow goes into getting new properties and accelerating payment of mortgages.

It's generally advisable to have a lower ratio for better loan approval chances.Down Payment: Save for a down payment.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

I would be willing to do a free market analysis to tell you what the property is worth if that would be helpful just shoot me a DM.2) Are you able to make the minimum payments on the debt now? 

This will show the bank how you intend to fund the mortgage with rental revenue.Be prepared to provide collateral and establish the needed down payment for the loan.

Break out single family/condo; then 2 units then 3-4 units all have different rules. 1-2 units is far easier to get approved verses 3-4 which have extra conditions to ensure that the whole project cash flows with market rents minus the one owner occupied unit. 3-4 units you need much larger down payment - as in no 3.5% downSecond home programs are for one unit types: SFR/condo/townhouse.Owner occupied means you live there and your insurance policy matches.

I’d have a high 8 digit net worth by now if I hadn’t quit and had been mature enough to pick up the pieces and start over again.

I'm the owner of a digital marketing company based out of Houston, Texas, that specializes in REI marketing, and now that I've been in business for awhile, I've noticed that Facebook ads are the better route for wholesalers getting started with my company than Google ads for a few reasons.

We all have a human side but at the same time, if they can't afford my terms and they have proved that they have already missed payments to other landlords, it's a super easy decision.