Online banks or banks that operate in both states will probably be your best bet.

Unless you have a lot of money to spend on marketing wholesaling is very often a waste of money for total beginners

I don't know if the bank takes that option (line item) into account as the total insured amount.Anyone?

This is in an older part of town where rent is not very high, but I think I can bump it up to $550 for each unit.Rental Property Cash Flow Analysis[Property Description]Monthly Operating IncomeScenario AScenario BNumber of Units7 Average Monthly Rent per Unit495.00 Total Rental Income3,465.00 % Vacancy and Credit Losses5.00%Total Vacancy Loss173.25 Other Monthly Income (laundry, vending, parking, etc.)

I want to say Fannie is 35/36% total DTI, with higher DTI up to 45ish with higher credit, only their lender will be the best source for Their specific situation.

Some lenders might accept accessible funds in retirement accounts for this, but your best bet is to have it there.

Owned outright... 20 thousand credit card debt, 16000 on one personal loan, 7500 on another, and 8000 on another a little over 50 thousand total debt about  on about 8 grand in cash 30 thousand in TSP account (basically 401k)...

We have already paid him a significant amount of cash (almost 90% of total), but now we feel he will never complete the project.

526 harwood street, Joliet, IllinoisDuplex x2 (2 bedroom 1 bath), electric heating, window a/c (bottom unit doesn't have a/c), no garageThe current tenants are paying $2,200 total for poor conditions. 

The only current plans for the money would be to pay off the mortgage on the rental units ($55k total, between the two) and pay off my own house.