Would the loan be less likely to be approved with a 50% debt to income ratio?

This is usually better money spentI've also found there's a demographic of well-educated, financially responsible renters (like grad students) that don't care at all about air conditioning.  

My gut tells it's contraction instead of expansion but is that balanced but not carrying any debt service?  

The problem is we thought we had a credible buyer for this property (BKA 5D Financials).

I would say South of Virginia to Florida, the Midwest- Texas, Oklahoma, etc.It's tough to get deals that make financial sense and provide good cash flow in the Northeast.

There are many real estate books out there which discuss investing without financial resources.

Id like to get my first deal done before my enlistment is up as it would help me become a little more financially set before I become jobless for a bit.

The lender will also have to research the HOA to make sure they are in good financial standings, no current lawsuits, and the owner occupancy rate of the complex.

Either way you will need to pay off the back debt to ensure you are not putting money into a house that could still be foreclosed upon.

Once this outstanding receivable goes beyond a certain point in time (days overdue) it is moved into "bad debts" and eventually, if it remains uncollected, will be written off.This is how we handle delinquencies.