Some people will give me a hard time and say I would never discount my listing commission and such but they are not in the market I am in. 3,000 realtors and no more than 1,500 active listings at a time.

Raised rent from $400 to $550 and no more yearly carpet cleaning expense of $25 a room ($50 total for this unit).

But I was hoping to find a property that is no more than 30 minutes away from my home because here is my strategy:Buy a fixer upper that I can take my time in fixing up while using the content for my do-it-yourself YouTube channel.

So its "as-is" and seems priced accordingly.We are in agreement on most of the terms:As is condition (built 2006, one owner).We set up and pay for all needed services: inspector, appraiser, closing attorney, etc.Price (but pending inspection and appraisal). 30CONV, 5.0% APR, escrow T&I as usual.We will, in good faith, agree that after we "own" the equity resulting from various factors (a broker friend suggested this takes 6 months for many lenders), but no more than one year from closing, we will make every reasonable effort to refi that and/or other property and so buy out the seller's interest at the refi closing.

Repair value should be no more than $20k as it’s mostly cosmetic.

Keep in mind that there are no more stated income loans through Fanie or Freddie as of this month.

However, your total debt ratio should be within the 50% range and your CLTV no more than 60-65%.

Anything left over would be no more than about 400.

If you buy something there now, you'll be looking at no more than 6-7%.

loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs"...