Of course your other debts including student loans go into the mix to come up with your total debt to income but the income needed  is a lot smaller then a lot of borrowers in your situation tend to  think.  

I’m talking about upper middle class quality furniture and furnishings withEVERYTHING included.  

I completely understand why that clause is there and I'm happy to have it for many reasons including protecting my tenants and my property from damage, etc.

My team and I are also out-of-state investors, including a managing partner who was born and raised in Toronto.We’ve been investing in Cleveland for a little over a year now and currently own 22 units in the area.

I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...

Please advise.ThanksMel I'd recommend a local Independent Agency that has access to multiple markets including surplus lines

I can build a 4-plex, four two story units side by side, with a total of about 5000sf for about $1m, land included.

I'm still here trying to help people and that includes you (if you are open to it). 

And when it comes unraveled, implications CAN BE extreme, INCLUDING jail/prison time for it. 

So eventually this negative cash flow property becomes cash flow positive and pays for itself including property taxes, hoa, mortgage etc.Trying to calculate how bad is my investment here or should i sell out if there is appreciation