hello everyone from BP.i am about to fill out my mortgage application for a multi family rental property. credit is tier 1 my co applicant's credit is tier 1. between the both of us we have 25% or more for a down payment. my co app has a good steady job and job history. here is my worry. after being at my last job as a waiter in a restaurant for 10 months, they got into some issues and closed down. i spent a month just working side gigs until i found something. im now at a new job in the same industry with better pay but have only been here for 2 months. im thinking that the bank (wells fargo) will not consider my income. if thats the case we wont be able to secure financing with only using my co applicants income. any suggestions ?

In my earlier days I spent the summers doing rehabs.

The average I spent on the single family homes was $30K with average rents of $800-850/mo.

@Anthony Thompson, definitely a good point that once it's spent, I can't get it back for something that really is needed...and we definitely will need it for improvements as soon as one unit turns over. 

I was actually thinking of building, and the company I'm going with makes it cheaper, so in the end, your house is appraised for more than you spent on it.

I had to prove what we had spent up until the incident and then follow up every couple days for close to 8 weeks and they finally wrote us a check.

Needless to say I spent many work hours frolicking around the site discovering all that it has to offer....

@Calvin Lin to answer #3.

David,Best money EVER spent!!!

@Tony Lin There're so many CRM systems that it makes it harder to chose one.