The reason I ask is that a new prequalification letter from the lender has listed the maximum purchase price that results in a DTI ratio of 60% if I follow the above equation.

They may indeed raise the price on subsequent cars but not on the car you’re about to purchase. 

This can be advantageous in making offers to purchase more competitive, allow buyers to be more aggressive with purchase price and reduce closings costs.

You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.

BP Community I recently purchased a rental property in the town I grew up in and I am having trouble with the neighbors. 

There is a HOA foreclosure i am interested in purchasing at the auction (Texas).

We are purchasing a house with the intention of living in the house for a year and turning the property into a rental.

I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together.

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

That's two loans to purchase one house and is a great way to over-leverage.I also disagree with selling.