While you don't need one for your first purchase, having one might show them that you are driven and have carefully analyzed the property with a lot of consideration.In my experience, banks like to see what the proposed rental income is, then they allow you to use 75% of that income as your true annual income.

One is that I stopped listening to what others assured me was true decades ago and focused on what made sense.

I guess this is true for all SFR... but it seems that if you can get in at the right price, people will pay very inflated rental prices to live in the Forest Hills School district which gives a property a better chance of cash-flowing.

The true costs of owning this are buried in their somewhere, just keep digging.

S  True, I am considering all other options for a primary residence. 

I know this is true I have a few people like that in my business  that I look up to and a few that look at me the same way.Good luck Jim

I think the same is true for refinancing as well.

I am pretty new to this and I'm not really sure if it sounds too good to be true, if it's too much for my first deal or if I should just hold on to my coins and do it myself.What are your thoughts?

I quickly realized that owning multifamily complexes would dovetail into Trash Valet very beautifully as long as it is 100 units or more.

Is it true that it has one of the lowest vacancy rates in the country?