To some point the old saying of, "location, location, location" always matters.My point is that cashflow should be a large part of what you look at but the most money is made when you sell.

I have a property under contract in an out of state location.

I'm working on creating a presentation for the land, community, and potential businesses that could go in this location if it were to be developed.

The Ybor City area located just outside of downtown is developing area which brings tourist, cruiseline guest, music groups and artist nationwide.

That and location specific taxes.

We'd like to line this up in case an offer is accepted as we are located in Florida and will not be able to self-manage efficiently. 

And they could invest the now post tax dollars with you to buy a real estate asset that will provide a superior passive return or be located more convenient for you to be hands on.

In this case the lender will not look at DTI, but will approve based on credit, cash flow, location of property and loan to value.

Letters, postcards, ect.4) either purchase lists or start driving for dollars to locate properties5) send mailUnderstate that you may not hear anything back from most of these people.

They only need to close within a time frame that includes the first one to sell (in other words they all sell within 180 days of the sale of the first property) as long as you can locate the right replacement and get the right terms.Another very attractive option would be to scale down a little and maybe look for a replacement property that you could get for $600K - like a 2.4 - $3 mil property that needs $400K of work to get it to high functioning.