Separately, do banks ever do higher than 45% debt to income? 

Does real estate investing ever seem like a giant pyramid scheme to anyone else?

Buyers will face competitive conditions this season due to continuing inventory depletion carrying over in March housing trends.While there has been a slow down at the rate that total listings are staying on the market, 36 of the largest 100 markets in the country are still seeing inventory move at least a week faster than this time last year, according to Vivas.

Largest city in the nation – 747 square miles!

Other people tell me the same, do not rent to employees.My theory is , he still needs a place to live if he ever quit or was let go.

Let me know if you ever need any financing questions answered. 

That way the lender can set their own rules, so again since non-owner occupied properties do not fall under Texas law, a portfolio lender can use what ever seasoning requirement or even have no seasoning requirement they want.

@Paul DeSilva:@John Leavelle and @Anthony Gayden (above) are both correct.Unless you have more than 10 residential mortgages, or the properties are above the jumbo mortgage limits or you're trying to finance the the properties with the LLC intact, then they should qualify for conventional residential FNMA loans.For the LLC situation: my strategy is to close the loan under my personal name (no LLC), then after a few months of "seasoning" to establish on-time payment, notify the lender that I plan to drop the property into an LLC strictly for asset protection purposes.Many seasoned pros will tell you that you don't even have to notify the lender that you plan to do so, but will warn that doing so runs the ever-so-slight risk that they may actually call the entire loan due immediately.

If you ever have a liability issue where the protections of the LLC would save you, I would not count on it.

Have you ever had experience with evictions?