So with some research I found out that in the PDX metro area ( this was before public builders got here) no one really did more than about 200 homes and the vast majority of the 6 to 7k homes a year being built were by mom and pop 5 to 10 homes a year ..

Someone with a smaller economic delta will ultimatly give up, because it does not make sense - for example: Milwaukee is better than Chicago and its less than 2hrs away, but the difference in property value, rents and incoem level is not sufficient to make up for the difficulties and extra cost.One of the key things that I did was start without a PM back in 2008.

You still need sufficient capital to cover the down payment, closing and loan costs. 

@Zaid BenderForecasting interest rates isn’t horribly necessary per se as long as there is a sufficient buffer in your pro forma numbers.

Those countries do not pay for fire suppression systems or sufficient fire alarms and security for old, public buildings and they burn down every day like Notra Dame Cathedral in France.

I ended up going to college full-time (on a full ride scholarship) at John Carroll University, which is in a suburb of Cleveland, and the part-time job I had at a supermarket at the time was sufficient to qualify for the mortgage, interestingly.

The vast majority will not move for this amount.   

Honestly the vast majority of our leads come from people finding me here on BP, often digging up an old post I wrote as a new Realtor or not even licensed yet. 

If so I'd have the seller call the number on the statement and request a Release to be recorded in a form sufficient to allow the title agent to issue a title policy w/o exception for the DOT..

Your numbers are sufficient, but I would say they are really guidelines.