The investor should consider what his long-term strategy is - are you going to live there for 5 years then sell, for instance?

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is. 

Rates are hight right now and if your primary residents has a great rate the HELOC normally is the smarter play as long as your have repayment plan that allows you to risen and repeat.  

Hey @Noah Yashinsky, South Florida is more of an appreciating market rather than a cash flow market for long-term rentals.

As you mentioned, it's my business and I set the terms.

My head is going to explode as not sure where is best to look at  @Aaron Laprade I admit I might be a bit biased, but Kentucky boasts some of the top short-term rental markets in the country, according to third-party data.

VELOCITY OF MONEY is something that has taken me a long time to learn...closing jobs out (Even at additional cost) and getting to the next one is more important for us NOW after having some old projects suck the life out of us.The fact that the county is threatening to take away the general contractor's license honestly SOUNDS ABSURD!

A signed agreement should contain deposit terms.

What if you show low income on paper is there still limits, it seems almost as if someone making minimum wage or even no income could buy a million dollar property otherwise as long as it showed a net positive to their DTI?

Also, love to work out as much as I can in things like running, bicycle, jumping rope, and lifting weights-no ripped or jacked by any means-but thinking in the long term benefit (like in real estate).