I'm at the point where I can buy points to bring down that APR.

Look to the APR of the loan, not the note interest rate when shopping for your loan. :)

This way you're helping close that cashflow gap and still maintaining your renters while the entire country is dealing with the current economy and price jumps on everything.All that said - It's still a bad deal using 25% down at the full asking price - according to the numbers I used on my calculator: $665,000 asking, 25% down,7% APR and 30 year note, 2% closing costs, $880/mo taxes, $500/mo insurance, 7% for repairs, 7% vacancy, 7% CapEx, and 10% for management.Good luck.  

Consider working with a mortgage broker who can help you compare options from multiple lenders.Complete a pre-approval application: Your lender will ask you to complete a pre-approval application, which will include information about your income, employment, assets, and debts.

I interviewed a couple of owners including one from a hotel on route 1 a few blocks north of down town and their insurance becam ski high.

So I am new to the REI scene and I found pre-foreclosure home for $88k. The listed value of the home is $189k and the rest of the homes in the neighborhood have mean value for $205k. Some details about the home...It i...

DSCR is also an option to buy an investment home using (No personal Income)  Good idea to fomr a team and a game plan a head of time to avoid issues and take the best path.I would also mention getting a Pre-Approval or Express loan commitment up front about 60-90 day sprior to getting ready to look or put in an offer.

Most will want to run your credit for a pre approval, so you may want to have narrowed your search down to one HML if you want to get approved.

Do you think it is possible to find it for under $100k and a pre-approved conventional loan?

@Kenyon Berry The LOI is the letter of intent used basically as a pre-offer to see if a general offer price will even be accepted before submitting a formal offer.