Lenders will frequently accept 75% of rental revenue as income, so if your rental has a DCR of 1.25 or higher it will help keep the DTI ratio in balance for future financing.

for offering up a deal like this that has the right eyes frequenting it.Any and all suggestions welcome.

So basically the 5k-10k they are referring to has nothing I repeat has NOTHING to do with being a real estate investor.

@Daniel MillerI second @wayne brooks, it happens all too frequently that the bank doesnt have clear title when they are "supposed" to close.

Follow the Buy, Rehab, Rent, Refinance, Repeat (BRRRR) formula.

It think you will do ok but I think there are areas that offer a quicker return and by rinsing and repeating you will be miles ahead rather than waiting for the project to be completed around you.

MLS will list the amount of all the taxes for the property.One thing that confuses people is that frequently Harris County doesn't collect taxes for MUDs or suburban school districts.

But we always want to have the best possible reputation with everyone we associate with in the RE world so we can enjoy future working relationships and repeat business.

Hi all,I am repeating this post since I am moving it to the Texas forum.I recently purchased a rental SFR in Arlington Texas, which will be managed by a property manager.

Can't remember where I read this suggestion, but it is what I'm doing right now:  keep turning those great deals you're finding over to others who are ready, able, and will be repeat buyers (of course, you'll be making money during the process), and get so good at it that it will fund the first deal you do for yourself.