His primer will be self etching into the porcelain, and will be primarily an application used for outerspace equipment.

If its total, this is a really bad deal:$1325/month gross rent$662/month expenses (50% rule, search forums for numerous posts)$663/month net operating income$918/month loan payment$255/month lossIf its $1325 per unit, then the picture is dramatically better.The owner has a LOT more expenses than tax and insurance.

I just talk to the guy we were planning on getting our mortgage through and he told us our application would most likely get denied because we don't have a lot of liquid assets (only a few thousand a piece) and because our debt to income ratio is too high.

If you've been reading here a while, you must have ran across the numerous "do expenses really equal 50% of gross rent" discussions, so I won't rehash here.I would advise you to look at your calculation assuming expenses are 50% of rent and see how much you have to put in.

Begin your research with the clear understanding of what the phrase "BEING IN THE BUSINESS OF" means.If YOU are not an atttorney, it's likely, more than not, as a beginner, that you are not qualified to ascertain the applicability of lending practices, rules, regulations and laws or where to find such restrictions.

You also should know what, if any, "leash laws" are applicable, and provide this info to the tenants guest.

Good tenants come from properly screening applicants by checking their credit, criminal and eviction history.Please, please listen to some of the real estate vets on this forum like Mike and All Cash.

Reminds me of my old days building very large applications for corporate clients.

Do not do applications by telephone.

Numerous foreclosures.Thanks,Andy