If your debt service coverage ratio (measured as net income from the property divided by the loan payment) is high enough and you haven't had any sort of significant issues like a foreclosure, bankruptcy, etc in the last two years, you should be able to pre-qualify.

@Benjamin Barredo  PS I don't wholesale I close on what ever I aim at...

(Yes I know they're variables, market conditions, average sales price, etc... in the numbers which is why I'm aiming high!)

Otherwise, the board could take measures to adjust policies such as: follow village ordinance based on occupancy in hopes to minimize excessive amount of people in each unit if applicable.

Each market is different, and with different income levels success is measured differently so to level the field I want to set some criteria. 

Hello biggerpockets,I have what I believe to be a great deal on a property that is ready for rehab in Colorado Springs. I have this property under contract for a very good discount. Based on comps and estimated repair...

Are there different evaluation measures for 4 units, 40 units, or 140 unit buildings?

These are desperate measures.

Hi Guys,Thought about making a post to help all those who are new Or experienced in this (me included)-Please share what due diligence steps / measures you see important to taken and you wish you had taken?

The area is not prime by any measure and the interior condition leaves a ton to be desired. $700 is about the max you'll get as a safe number to base your calculations on, maybe less.