You have your total debt payments (the numerator) divided by your total income (denominator).

If you qualify as a real estate professional and you pay your own health insurance premiums - are they tax deductible?

Been there done that...many times.HOWEVER, I have worked with investors that had numerous properties where we split the down adn I got 1/2 upfront and 1/2 at financing.

That said, if you fight back, you will win.Since you are in one of the hottest markets in the country right now as evidenced by e numerous offers in just 4 days, inform the buyers agent that his/her client needs to close and bring the cash to the table for the appraisal difference as per the contract or they will lose the EMD.

In reality, buying SFDs with 100% seller financing is rare, you need a motivated seller and trust, experience and be in good financial health to pull it off as a principle method.

The economics of the market will give you a good idea of it's health and future growth (or lack of).Since you're considering three Texas markets (Dallas, Houston, and San Antonio), coincidentally the same three Texas markets we offer to investors, your decision making is a little easier in that they are all great markets with very good fundamentals.

In our "house rules" we clearly outline when the Tenant will be responsible for the cost of the service and when the bill goes to us {our providers also know this} ... but we stress, if they are in-doubt and the matter is urgent (i.e. poses a safety or health risk to them or other Tenants in the building or if damage to the property is occurring) to err on the side of precaution and call us.

In the interim, your DTI ratio will have to absorb the PITI of new rental properties in the numerator.

Fha looks at mostly health and safety issues.

For your financial health, its a disaster.If you in a position where you know you're going to stay put, and like what you can afford to buy, buy.