So with that being said if your properties are cashflowing well I would think that debt to income would go hand and hand with what you collect.

But I always open a letter that is hand-addressed to me.

It wouldn't hurt to provide a handful of leads and see how they do with them though.

You can ask other investors in your local REIA, search the MLS for homes listed as potential short sale, or do your own yellow letter marketing using a pre-forclosure list.You will likely need cash on hand to catch up the mortgage and/or give the seller money to move.Hope this helps and good luck!

If you were to say that you look three months back for cash on hand and want 10% reserves, you can bet someone will "borrow" money from dad, drip it in the account in small increments and come see you three months later.2.

The time has come to expand my horizons and take my financial achievement into my own hands.

@Shannon Xerri I devoured every book I could get my hands on.

What makes me think you could possibly have a great deal on your hands, is that you say you are in a decent location with rents of only 650 for 2 bedrooms at 1250 sqft.

Is it inappropriate for me to ask her how much cash reserves she has on hand.

He is more hands on and does maintenance upkeep, where I focus on lease renewals, handling of rent and tax preparation.