Even got a chance to check out the famous Gamble House (which I highly recommend to take a tour if you're in the area).

We're in a landlord's market right now, but vacancies will still happen.So, whatever vacancy rate you can absorb should probably be your guideline, I should think.My $0.02...

Anyone that's been doing this for a few years knows more mortgage guideline stuff than a consumer will ever be familiar with.

Possibly Residential home Financing.They all do work out of NY area and can keep loans in house that won't fit very well with Fannie Mae guidelines.

I haven't found those kind of numbers in small multifamily deals on the MLS.Given other factors like location and HOA board guidelines, if those numbers hold to be accurate as you move forward, I wouldn't hesitate.

Just about any monkey could have thrown a Dart at a property and made money either flipping or Buy and Hold.You just couldn't tell the difference between a Good Investor and a Lucky Investor at the time everything goes up.NOW... when the Great Recession hit starting in 2008..... this is where you will see who will survive.The Lucky Investor normally doubles down on the Gambling Table, continuing to bet until he loses EVERYTHING.

The answer I kept getting was "you don't really know what you got until you buy it" and at the moment, I don't have that million in an account to gamble.

That said, the resident is entitled to a written turndown letter that enumerates the reasons for turning down a prospective tenant, which the tenant may or may not share with others.Making exceptions for prepayment and the dubious use of cosigners to the written guidelines is a sure way to cause problems in the future. 

This will give you a guideline to follow when purchasing your properties. 

As per guidelines, I live to far to manage the house I'm buying myself, I need to get a property manager, it's a 3 unit.