I prequalified the lead over the phone the went to view the home.

@Scott WinterI haven't had the opportunity/need to use a hml, but I think what you are describing is normal. 

Searching Zillow and viewing properties each weekend after graduating college How did you finance this deal?

View report*This link comes directly from our calculators, based on information input by the member who posted.I'm looking to take the plunge and make my first investment in a multi-family property. 

., we set up a time to go view the property and she didn't show up. 

Best word to describe my real estate investing career is "roller coaster". 

Your tenant will have a better view of you as a landlord and as a result, reciprocate in treating your unit right and paying on time.

As for a 401k you would need to have active income for a 401k and the real estate income that you describe is generally considered passive.

With that 60% number, and a $200k property that rents for $2k/month, $1.2k gets added to my "income" consideration, while my "debt" consideration (mortgage + interest + insurance + taxes) goes up somewhere around $1k.Hi Tom, The rental income calculation works slightly different than what you described.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello y'all,this is my first potential deal and I kept messing with numbers extensively, although can't get to clear conclusions.