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.

With a large open community, there is just as likely a chance that there are bad apples around as there is good ones.That said, the ratio of success stories to "scams" is overwhelmingly in the favor of the success story's favor.

just returned from deployment I'm looking at this property to buy, so i can focus on school, and not work17 unit and 12 unit building17 unit building mix15 unit rooms at $328 a month paid week 2 units $640 monthparking laundry incom $87total month $6150Total Annual $7400012 unit building mix8 efficiency $520 a month 4 rooms $390 a monthparking laundry income $152/monthTotal Month $5700Total Annual $68000Actuals from RealtorMONTHLY INCOME For 20092009MONTHRENT COLLECTEDLaundryTOTALRENT COLLECTEDLaundryTOTALJAN$5,810$100$5,755$100FEB$3,430$100$4,055$100MAR$3,782$100$3,640$100APR$3,030$100$4,573$100MAY$5,507$100$3,580$100JUN$4,392$100$3,277$100JUL$5,467$100$3,060$100AUG$5,730$100$4,526$100SEP$4,390$100$6,855$100TOTALS$41,538$900$39,321$900AVERAGE MONTHLY INCOME$4,615$100$4,715$4,369$100$4,469Annualized Average x 12$55,384$1,200$56,584$52,428$1,200$53,628expenese2008 Taxes (actual)$5,716$7,985electric (actual)$9,252$8,352Water / Sewer (actual)$1,362$2,118Insurance (actual)$1,350$1,455Rooming License (actual)$216$0Repair & Maintenance (projected)$3,000$3,000management 5% (projected)$3,190$3,101Reserve (projected)$1,800$1,800Total Expenses$25,886$27,811On market for $603000Am I overlooking anything, it seems with favorable financing this property well work out nicer.Great first investment to set up my business a foundation if you well.Looking for insight, help, things to look out for, great loan companies, cash partners, anyway you can help I'd very much apprecitate it.

If you're wholesaling, you can always record an 'Option memorandum' clouding the title in your favor.

Word of mouth, old fashioned cold calls, and door knocking around the home.

I met with another listing agent today and the results were absolutley favorable. i discussed face to face my business plan, buy and sell philosophy, cash offers with no contingencies, and exactly the type properties I am looking.