It could be either, or a combination of both.If considering a silent partner, why not use a non DTI baring or non QM lender?

He also mentioned that he almost hit 40% vacancy during the crash and he barely made it through.

VRBO's numbers are only slightly higher, but almost none of them were showing good enough numbers to cover a mortgage, insurance, hoa's, fee's, blah blah blah for a beginner like me.I mean, I'm hearing people talk about clearing thousands of dollars a month (some in this area) and I'm trying to figure out how when at the numbers above, I'd barely be breaking even (if that).Am I looking at this incorrectly or did I miss something big?

I'm getting frustrated by this entire process, as there are barely any properties that have numbers that work as is, and the ones that do seem to get crushed around year 2 by a reassessment. 

The catch is, they have the option to renew for another 50 years at the current lease terms, which barely covers the property taxes on the land. 

I barely made it this time.

Things I am considering:Painting all of the colored rooms a neutral color.Re-wording the ads to make them more appealing or to include more information.Lowering the rent by $50.Raising the rent by $200 or so but including gas/water/electricity.Getting a storage unit for a month to hold everything but the bare necessities so that the home is more bare until we can move.Here is the listing.

You remember that you just barely qualified for a $160,000 purchase of a single family one day earlier.

So they stretched their budgets to the limits and bought a house they could barely afford. 

Buy for long term equity and appreciation; they are OK with barely any cash flow if it's a great location and a quality asset.5.