While maybe you don’t find a great deal outside your locality today, building that knowledge never hurts- if it’s something you want to commit time to.

I would suggest committing yourself to a few hours of research and underwriting every day.

I was listening to Scott Mcgillivray on the Podcast and he mentioned something simple along the lines, if at the end of the day you’re making a profit (seems like you will be based on your numbers), go for it.Sometimes we try to talk ourselves out of the deal before we commit to it.

We kept getting beat out, but once we found this property he was committed to making it happen!

Consider this; in less than eleven days, President Biden issued over 50 Executive Orders, including; rejoining the World Health Organization, rejoining the Paris Accords (on climate control), ordering the Federal government on a “war-time” commitment to expand vaccinations, restoring collective bargaining rights, promoting $15 per hour for all federal employees, ordering all infrastructure contracts go to American companies, lifting the ban on transgenders in the military, dissolving the Muslim ban on travelers to the United States, classifying Vladimar Putin’s Russia as a “hostile foreign power,” extending the U.S.

Furthermore, he is committed to the business and the house is located close to it.

Commit to consistency (several hours in each space in each area EVERY week) and you'll make huge strides.

I imagine if you lie about that on a 1003 application and GSE buys your loan, you're technically committing mortgage fraud.

If all else, round up your payment to assume the "worst case scenario" and see if then the numbers still work.You can of course still get prequalified, which is not a commitment to lend by a lender but based off your credit worthiness and a short application to the lender, lets them know a round off estimate of your financial situation and if they CAN lend to you.

If you're already questioning his commitment, maybe not the partner you want to start a business with.All that being said, my 2nd deal was with a friend I met only a year before we closed on the investment and things have worked out great.