I purchased the house for $145,000 and they were asking for $180,000.

Purchasing the right home every 2 years, then renting it out to someone and purchasing a new home.

What's the formula to determining how much money we are able to borrow?

I just purchased a SFH that we are rehabbing and will rent for a buy and hold.

Why do you think purchase contracts are so long and have such small print?

Once you've identified your market and where you'll be purchasing to house hack (or if you'll do it out of the home you're in today) you'll be off to the races to start your journey.

HelloI am looking for some help in considering the purchase of a family members property. 

Purchase price: $18,000 Cash invested: $245,000 Sale price: $335,000 New Consruction spec home built with the help of a hard money loan from Upright (Fund that Flip at the time). 1420 sqft, 3 bedroom, 2 bath home on 1.8 acres.

Having said that my last purchases were Dec 2021 (I purchased $4m of RE that month).  

We are additionally looking for a CPA, and we have already received some legal council.We own a single family condo on the north shore of Massachusetts, and just purchased, with the help of my father, a 4 unit apartment building in the same city.