A good rule of thumb is, the more players involved, the more focused the target and strategy should be. 

Here are the numbers:Monthly Payment: $1,255.60Principle balance: $177,466.11Principle: $301.61Interest Payment: $555.52Escrow Payment: $398.47Mortgage Insurance Payment: $125.36Additional Principle I pay each month: (Roughly) $144.40, to make the monthly payment an even $1400.I was given a rough appraisal of about $275K to $290k, and I know id need to meet the 75% LTV rule, so there's probably not as much Cash out equity available as I'm hoping for, but I figure Id see what my options are.  

They are pretty strict on these rules.  

Makes the number work great if your a buy and hold looking for CASH FLOW.Bottom line, put 20% down and buy with no less than the 1% rule.  

You would need short term financing for the build or the builder will have to for the entire bill until he gets the certificate of occupancy, at which time you could apply for financing.

did i applied thx  well see.

An individual from Texas who is moving here has applied, and I approved them. 

The 1% rule seems to apply still. 

(Without management fees it would look far better... but I’m out of state.)Is there a rule of thumb I can trot out to evaluate investments on a debt to monthly cash flow ratio.

Pleasant have different rules (no owner/occupants which violates their multi-family ordinance).