I'm an engineer in the oil and gas industry, I moved to Louisiana 5 years ago for work (4 years in the Lafayette area with 1 in New Orleans in the middle).I discovered BP a couple months ago while offshore on a work project.

Generally 1% of the purchase price or a minimum is industry standard. 

If the city could make its residents happy and be more business friendly the area could explode in growth in industrial and real estate markets.  

I think there's some IRS guidelines regarding how many hours you've worked in the industry and what other professions you have, but don't quote me.

Personally, I've never paid for cable in my life nor have my parents, so I'm struggling with that *A LOT* but for other stuff, I've been in a hospitality-type industry for a long time, and I know I can knock that one out of the park (I'm actually quite excited about that aspect of it because I love my area and get excited about it, so I'm excited to share that with others and make them feel at home when they are away).

I am a newbie investor in Palm Coast FL trying to build my RE portfolio and continuing to educate myself in the industry. 

In this role Derrick learned the ins/outs of the property management industry interacting with many different property managers small and large.

@Leron Horn - The purpose of portfolio loans is that they don't have to meet current FNMA guidelines for conforming loans - so each bank sets their own guidelines when keeping loans on the books.FNMA guidelines stipulate that you don't have to be employed at your current job for 2 years, but you have to be employed in the same type of position / industry for 2 years.  

My business is in the home remodel industry and I have dealt with a bunch of contractors / subs...

Debt to income ratios are not that telling, look at the cash flow and use of funds and you're looking at a debt coverage ratio of at least 125% net income over rents, some industries may go higher like 200% Is this a triple net lease?