The key is that 2 year work history that you'll need to establish.In certain circumstances you can use the income before you even receive your first paystub (certain relocation and job change scenarios), however typically you'll need to receive atleast 1 paystub to use it.If you have had no work within the last 12 months preceeding this new job then you may need to be on this job for a min of 6 months before you can close on this new loan which would hamper your plans to close within 45 days on this duplex.Then again scenario #3 if you have the credit and the down payment and the property cash flows from conventional underwriting perspective and you have "no credit card debts," on your credit report then you may be able to qualify any way since your debt to income or DTI will be 0% (property cash flows) no debt outstanding to qualify for as the duplex will be adding income to your scenario.I've had an underwriter okay scenario #3 above but have never funded a deal like.

They are very informative, and contain ample information on investing in real estate.

We are adding white gutters which also matches the existing home.  

Sure there is competition but if you hit a list every month for a year you will get a deal if your list is large enough (2,000) and has reasonable quality (30% or more equity).

The Federal Government also added a "stress test" on new mortgages.  

The Barrio Hollywood Neighborhood was one of these neighborhoods that was hit hard during the housing crisis, but has recently seen home prices soaring.I recently made a large investment in the area, and am excited to see attention it is garnering from the local community.

I have heard from many, that areas with large/medium Universities can be promising.

And here's a general question I just thought of: If my partner maxes his loans out at 10 for our LLC, would I be able to max MY loans at 10 on top of that (adding 20 total properties to our portfolio)?

- you make 50% of the net profit - that is net less advertising or expensive - so if the expenses are $1,000 you would make $9,500.00 and I would make the same.The expenses are usually the cost of advertising the property for sale.So............... it you are ready to begin creating leads - this is what I suggest you do ---Farm neighborhoods to look for FSBO's, send me as many expired listings as you can in the neighborhoods where we are going to invest, Go to housing court 2-3 times a week to listen to the cases and meet landlords after their case is called, run some ads in the local papers (I will design the ad for you), get me a list of all the local auctioneers in the community, put flyers on super market bulletin boards, ask 5 people a day if they know of anyone interested in selling their real estate.Look for commercial and business real estate for sale - get me all that information and we'll make a call to get information and make them an offer (you present the offer for us)Later in the "Mentor - Apprentice relationship we will advertise on radio.Any questions?

The inside isn't done, it looks squatted inside and it feels like the sorriest attempt at a house, more of a super large shack.