These were largely sourced pre-CV19, so eat the fish and spit out the bones.The DTI percentage range varies by lender, and is less than what you will find for an owner occupied property, due to lender risk.

I have the similar settings as @Bruce Woodruff "guest must have a good track record" and I send a pre-book message that they will have to provide me with their email address in order for me to send them the rental agreement and I have not had any issues with using that option.

Send them the lock code in pre-check-in instructions and at time of check-in (because not everyone reads the full message first time round), and automate a "how are you liking the place?"

We’ve secured pre-approval from Chase for a $200k conventional loan at 8% interest with a $40k down payment for our first rental property.

Thank you for sharing the thorough requirements that the process entails so one can pre-prepare when searching for prospects.

@Mario MoralesCash-on-cash return measures the amount of cash flow relative to the amount of cash invested in a property investment and is calculated on a pre-tax basis.In theory if your rental income increases by X amount annually due to the rehab while holding your expenses constant so it directly increases your bottom line (cash flow), you can calculate the CoC return by inputting X/$45k (the cost).

The .5%-5% are hesitant as the REI profile is as disastrous as they've seen and they keep  reading stuff from pre-covid to judge the analysis and we all know that won't materialize.Then for 5-15%  is nervous cause the COL has jumped in their face, plus the aforementioned issues.

Price: $1.2MOffer: $900kI had my agent call to see if the seller would accept this price because it's been on the market for a year.The seller's agent said the owner had rejected a $1M offer in the past, but it's been awhile so maybe and asked for a formal offer with proof of funds and pre-approval.Why?

For a shopping center, banks would require center to be atleast 50% pre-leased before they give you construction loan.

This is the only thing holding me back from getting pre-qualified for another property.