Unfortunately there's no way to determine your DTI ratio with the loan balances that you mentioned.Might be useful for you to join us on Fridays at noon to discuss this with a hard money, private money, and conventional lender in one room. 

Hello All,Just to bring some closure on this note and keep you all posted, please see below: Summary of situation:- Borrower not making payments- Prior noteholder filed a complaint for ejectment - We purchased the loan and property from prior noteholder- Default judgment was awarded to prior noteholder and loan boarded to my portfolio as REO - Homeowner was cooperating with me and changing moving out date for over a month- Looks like he was buying time until Homeowner's lawyer filed a Motion to set aside the default judgementResolution as of today:- I accepted to fight it in court- His lawyer reached out to us on Monday- I offered Cash for keys (500$) with a deadline to approve by today and moving out by EOD Friday (Aug 11th) or the deal is off the table- Signed CFK agreement was sent today- Realtor is going to meet Homeowner tomorrow at 4 pm for the keys- I've instructed lawyer to list it for a quick sell asap (Property is in a great condition in Downtown Gadsden, AL)It was a bit rocky but when you look at the 5000 ft. view.

You also have to find a deal, which takes time/stress/drunken Fridays bitching about a missed opp.Rehab: if you find a GREAT contractor....they will still find a way to piss you off.

Tomorrow at 1 pm, (Friday Dec 30) we will meet with our agents for a strategy meeting.

UPDATE #5:I officially closed on this home on Friday, 8/26/2016.

He deserves success...however...he is gone a ridiculous amount of time and I see him less now than I did when he was bartending full time (He still bartends Friday and Saturday nights).  

The first would get the property free and clear if they were to be the high bidder (bid the payoff) at the auction and they would assume the property with any priority liens but any subordinate liens are wipedTo me best way explain it was Friday’s in elementary school when everyone wanted cheese sandwiches.

I'm trying to move things on my schedule to free up Friday night.

The San Jose group just had their monthly meet up on Friday but you should try and make it to the December one.

My only guess has always been that the agent used single family comps instead of multifamily comps.Six months after we purchased the fourplex we used the same lender and same appraisal to pull out most of our downpayment, $11k, with a refinance.By using the BRRRR method we were able to use this same $11k to purchase our third property in Chicago on Friday.