FinancingTo calculate how much you can afford for a property, the general rule of thumb is 30% of your gross monthly income on home related expenses.

@Aaron Zimmerman, spray foam is more expensive than other types of insulation.

I have all the expenses in a different row with repairs at the bottom and a column for each property.There is software you can also use. 

Sometimes you may not fit the tight requirements of credit unions or banks.

Yes, they require some extra follow up.

Pay them a little for their time.This will save you the expense and time of a Quiet Title.

Some programs may allow for up to 85% financing assuming great credit and meeting reserve requirements. 

Yes, some lenders will require it.

You need to put in your expenses.

They do require patience because they are similar to construction where they can take 60-90 days on average to close.You cannot do the work you need an approved GC or builder and typically required to get (3) estimates from (3) local licensed GC/Builders.