In the end, my loan broker had me write several letters and produce a balance sheet for his underwriters.

They are targeting a higher level of inflation, so falling housing prices are exactly the opposite of what they're working to produce.

Qualification is based on the asset producing a healthy enough NOI to cover debt by usually at least 1.20x (the Debt coverage ratio). 

Worry more about producing more!  

Despite paying a significant amount of money on tuition/room & board, etc, the 80/20 rule still applied.  80% of the work was produced by 20% of the people - even for those who claimed to want an 'A'. 

.), and you are given all the training and support that everyone else gets, regardless of how big or little of a producer you are.  

I’m not experienced with the legalities of the terms but I would check with the National Wood Flooring Association, they are the industry trade group that produces technical manuals/standards for our industry.

Looking for a calculator which would be able to produce results for the different scenarios.

Hey @Bryan Malone I bought my first house as a house hack, maybe instead of looking at it as just an income producing property, you could look at it as a house hack.

I’m looking for an income property in the Boston area that can produce positive cash flow.