@Eddie AvilesI think that as long as you keep a positive arbitrage, the math will always work out in favor of higher leverage. 

You would have to pay down $33,362 to do that, but you could just pay it down over time or just make a mental note of what point you need to refinance once it gets to that level.Just an idea, it may take more time to get positioned for this method, but it will be the best of both worlds... 

It ask them the basics like you mentioned and things like salary, people on that would be living there, previous and current landlord, dogs/pet info etc.You don't have to login to get the application and take a look at it.I charge a $40 application fee before paying to run the check.

On the surface you will need $6K per month minimum to get positive cash flow from a property in that price range.

(for the record, the property is cash flow positive about $100 per month as is and is only a 5 year old home, but my emergency fund is only about $10k right now)And does it make sense to ever use a line of credit?

Thanks for the positive feedback!!

hey ashley im new as well i been in atl 7 years and just now staring this journey myself but things look positive already been driving for dolllars found a lot of good prospects ... so im just networking to widen my fellow investor base, lemme kno if you need any tips .... much success to you !! 

If you get a response (positive or negative) about the LOI push for a face-to-face meeting and start building a relationship. 

There is more that U/W looks at than JUST solvency, though if you're properly collateralized and you have positive DCR then those are certainly the two biggest factors that will be considered.

So 13 of the 20 properties are on campus the others are around town.The positives in the town are that the town has added a brand new McAllisters deli, Dunkin’ donuts, and CVS in the past year.