I see how that could maybe work for or against my favor.

Mortgage debt is looked at more favorably by fico.We got caught up a little when heloc's go cancelled/frozen in early '09.

It's a great neighborhood and would be the first to see appreciation once the market rebounds.Im thinking about offering $50,000 down and 30 year amortization, ideally with no balloon and wait it out til I find a buyer willing to pay a higher price or til I find a favorable refinance/sell option.

Maybe I'm too old fashion and don't get something, but if I have a property for sale in Springfield, Mo.

(S) I'm going over this afternoon for the final walk through and check out the punch list.Well, that means he is motivated, ready to move on.Ask leading questions that indicate the degree of motivation....asking "how motivated are you to go to the cleaners" won't work as often in your favor!

I thought this could be a counter topic on why so many people favor investing in SFR’s over apartments.Here are a few things I came up with:-Smaller initial investment.

One reason is the availability of favorable owner-occupant SBA financing.

Yes there are fees involved, but you can put everything together in a relatively quick fashion and still do a quick closing.I look forward to hearing how your deal develops.

Let me clarify that I am answering your questions based on the assumption that you currently live in the property you bought for 95kFirst questionIn terms of debt to income ratio, lets say we rent out our current come, have it under a signed year long lease that will safely make our mortgage payment and a little more.If you live in the house and you are moving to a new house- You will need to have 30% equity in the old house for them to count NEW rental in your favor- They will do a full blown appraisal on the house you are moving out of to make sure you have 30% equity- Known as a buy and bail appraisal.

Negotiating favorable seller terms makes price almost irrelevant.