Your number crunching pushes my confidence to next levelAs a matter of fact I am about to go into escrow for a 2 unit property in Whittier, wish me luck!

Then just break it keep the ones you liked and  tell the rest the truth... you were looking for information. i would not see why they would not be cool with it because the big picture was to get you to spend so no matter who you called you were going to spend money on the "Great Real Estate Game".Hope this helps.

A lot of these folks that have 4-5 properties, DTI goes *down* for each property they buy, so literally just about the only thing that matters is if they have the down payment and PITI reserves, and how well you package it for underwriting to understand it all.

All of this case law could be applied (at the Federal level) in considering what constitutes an unacceptable delinquency rate for loans made on primary residences if the courts agree.Any operator, no matter how small, should be prepared to defend their delinquency rates, and to work smarter and more effectively at decreasing them.

In the areas discussed above, you have to take rentometer with a big grain of salt but in a neighborhood like the old west end of Richmond in the JR Tucker High School district there are an overwhelming amount of very similar 3bed/1bath brick ranchers so you can be a little more confident in the comps rentometer gives you.Market knowledge and familiarity is key (and cannot be gotten simply by surfing the internet, no matter how well the data is represented) which is why you should consider working with an investor-friendly Realtor (shameless self-promotion aside...). ;)

I have been reading the posts and listening to the podcast as matter of fact I cant wait to log on and listen tonight.

The neighborhood doesnt matter much to me.

That doesn't matter if you are comfortable just doing business by internet and phone rather than walking into a branch.

@Matthew Davis The long term market in the GTA will almost definitely go up, If you are buying for the long term, buy a property that cash flows well, and fluctuations in the market value won't matter as much.

That's why you need to visit your tenants every so often no matter the neighborhood.Maybe slumlords do well with those kinds of properties, but I am not and do not want to be a slumlord.