All,I am in the middle of purchasing a duplex using FHA Loan and I am trying to lock in a rate.

for instance I am building 23 homes this year in Gresham ( not the garden spot of the PDX metro area) but this is far east Gresham out off of Oreint and 282nd.. and between cost of developing the land and building permits..this total about 75k before we even buy the dirt pay for financing and go vertical...

Feel free to reach out if you want to discuss what's happening in East Bay 

Many people see Bloomington as a college town but this area is far from campus and provides a much different renter than you would find in other areas closer to campus, downtown, or the east side of town.

Old industrial area like middle river, ...is expensive but expanding..Miami close to the airport area...may I ask why?

@Brian Knowles I'm actually in the middle of my first MFH live in deal right now.

Hi @Elizabeth Wilson,  I wish we could make that coffee date, but we both work full time and 7:30 is right in the middle of our commute :-( We are currently looking at SF mostly in the 38134 and 38135 areas.

I think BB&T is regional, perhaps east coast?

Newer homes (on expensive land) may have less than 50% expenses, but because they're also likely to have a lower Rental Return Ratio, they may still be difficult to show positive cash flow, if 75% leveraged.Whereas cheaper/older homes in non-appreciating markets, or condos/apartments in high property tax/HOA areas, can have a HIGHER than 50% expenses per month, but may still cash flow positively because of a super-attractive Rent Return Ratio.Somewhere in the "middle" of those extremes, the 50% Rule can be quite accurate!

I have since moved out of NY to the NEPA (north east Pennsylvania area) but still work in NYC.I purchased my family home for a decent price in august of 2015.The nowMy house does have some  equity in it but i would prefer not to use it for funds but i'm not completely against itLike i said earlier i make a very nice living and my DTI is about 24%.