One is in the final stages of being rehabbed and the other is done, waiting to be filled by a tenant.I just applied for a refinance mortgage for the two properties and was denied due to having insufficient income to support the loan.Personal income is ~$40k/yr Rental income on these two will be $1675/moA good deal of cash reservesFICO ~640 ARV of both properties is ~$160k , looking for $100k in refinance (62.5% LTV).I'm waiting on the 'official' denial letter but did get a call from the branch manager stating that I was denied.

I may not have that support or positive people around me in the flesh, but I have encountered so many good people on this forumn in such a short time that its amazing.

@TERESA BEAN - You should probably contact the company directly for their support.

The info and support here is already impressive.

I actually found BP while doing research and I must say that I'm impressed by the support that BP members give towards one another.

If you're willing to deal with a vacancy right away (and the resulting make ready costs) and you have strong research to support a higher number (i.e., something more than zillow), then you can do the analysis with a higher number.You're applying the rule backwards.

Thank you for all the support and I hope to be able to offer some of my own in the future.

If the area is good and solid and we put money into the investment, we know the area is going to support the rental increases.

Face to face meetings are good as long as the technology supports it and they aren't too long.

BillI am 45 years old and growing up in the east side of San Jose California my first memories are of JFK's picture at our local church apparently Bobby visited when he was supporting Cesar Chavez and the farm workers The Kennedys were held in high regard by most Mexican American families.