I think most people's hang up with it is that a wholesaler has no fiduciary responsibility to anyone in the transaction and there is no governing body out there making sure wholesalers aren't operating like complete scum bags.

If rents (minus a 5% vacancy) still cover your PITI expenses, then the loan would be approved (obviously with a bigger impact to your overall cash flow). 

Your credit score can also have a big impact on the number of points you are paying. 

The large apartment complexes have had a negative impact on SFH and small MFH properties by stunting the growth of rents.

Make sure you don't do anything that impacts your credit downward.

Also I included Capex I was just experimenting with numbers and left out when trying to determine how it would impact inf%.

As the Proctor and Gallagher institute tells me, "I am a millionaire and have a wildly successful real estate brokerage with many investment properties and have many successful employees all making an impact on our community!"

There are a few ways we will be maximizing the potential of this property (i.e. impact windows and kitchen upgrades).

Both ft worth housing and Tarrant County are so impacted they can’t accept any more applications or people because they don’t have enough homes for rent on housing.

@Tanisha ElieHere is some information for your considerationPolk County/Lakeland is ideally located centrally to Orlando and Tampa, we have many warehouses strategically located throughout Polk County, to include warehouses for Amazon, IKEA, RoomsToGo, PepsiCo and Publix which make this area strategic for distribution throughout Florida, not to mention Publix is headquartered in Lakeland, and we also have a large presence for Coca Cola bottling and Juices in Auburndale, FL which is about 10-20 min from Lakeland.You will also find LegoLand located in Winter Haven, which is and adventurous theme park with rides and a water park, ideal for the kids, we have many families visiting this area year round, this helped cause an uptick in short term rentals (airbnb, VRBO). https://www.legoland.com/florida/Lakeland is also home to the yearly SUN 'n FUN held in April, which is Florida's largest annual convention, which spans over 6 days on 2200 acres, and it has been recorded to have had a $64 Million direct and indirect economic impact on the I-4 corridor (From Tampa to Orlando). https://www.flysnf.org/about/We have team in this area working on most aspects of investing, I would be glad to help, PM me if you want to chat further.