I don't know what your current debt situation is or how you feel about leverage, but this is just an example of how much further your money can go in this market.I am not as familiar with the Pratville/Montgomery market, of course, but AL in general has much lower property prices than the rest of the country.

12% is something like 6% physical and 6% loss-to-lease, bad debt, etc.

I would like to begin  by wholesaling properties because of my limited financial resources, once i have the funds needed I will start investing.

And I could not do it without the faith and commitment of my banks and financial partners. 

Landlording is still a cool gig though due to the financial security and independent. 

No student debt. 

Unfortunately, the work to payoff ratio is not cutting it for me financially.

I am about to pull the trigger on a condo in Pasadena, CA and upon digging into the financials of the HOA discovered that they are funded at about 30% of what the third party HOA analysis firm would consider a full reserve.

I am wondering how it pertains to your debt to income ratio, particularly for a new investor looking to purchase their second or third properties.

Following rules generally apply:it has to be an all cash purchase, meaning that no debt can be brought to the table.