So with our current six townhomes (seventh closing in Aug), I can't even mention/think net yet as it has barely been a year for some of them and some needed a little TLC or new appliances. 

Just barely a few weeks and already I can tell that the community here is great.

I can barely believe anyone even takes checks in the mail anymore.

This guide should exclude the profitability and 2% 50% 70% rules and should only focus on steps of buying a property once a person have done their calculations.Thanks a million in advance because this will help thousands of newbies pouring in this field to understand the process and not make mistakes and fall in traps that other professionals may have faced.- Inam

If you're using conventional financing you need to document 30% equity in your current primary that you're vacating in order to use 75% of gross rents from the tenant that will be renting your current home.You can document it by ordering an appraisal which is 450-700 dollars with rent survey attachment to the appraisal or you can sometimes do an AVM - automated valuation model which is usually free or a drive by appraisal with some banks which is usually 100-200 dollars.Some banks (portfolio non conventional) will all you to use gross rental income either discounted at 75% of face value or full 100% against your full PITIA (current residence) if you put down 20-25% on the new property.with FHA you can use gross rental income up to 85% of gross against PITIA when looknig to buy a new property assuming your current mortgage is not a FHA loan which you'd then have to adhere to 2nd primary/FHA rules/exceptions.You can see how these general questions on BP get answered so non nonchalantly however the depth of the answer really depends on your goals, your plans, and financing tools in use, and working with someone who actually understands not only the financing semantics and the investing objectives.

The market can definitely bare an increase on at least two of them. 

@Vince Lucas definitely better at networking and talking with people face to face than anything else but I'm looking for some creative ways to bring in more leads to that I can spend as much time possible having those face to face conversations with Home owners

By not chasing top of market rent, you will be more likely to retain your current tenants and not face a move-out.

If anyone of you faces the same challenges and wants to get together to exchange thoughts and ideas, feel free to hit me up.

There is no reason for someone to sell a lien below face value to you, and no reason for someone to pay a premium.