I have 2 cars that we are trying to exclude the payment from for dti ratios.One was owned at $852 monthly payment (this was refinanced to remove borrower from the loan)this one is giving me a problem because they are asking for payoff but honda is saying they take up to 10 days to be able to send it.Any guidance on a way to get this closed sooner would be great, seller is on a tight timeline.Second one is a lease that we have had approval to terminate (for $2600 fee) and then that one would be excluded.

It is nearly 50/50 from what I see of people who use their home state or get one here in FL. 

Would I qualify for a mortgage this size?

This post can be deleted as I have found other threads of the same topic.

I do this with my own portfolio by placing half my capital in high yield mortgage notes, yielding me 12 -18% annual; and the other half in real property with often little current cash flow but large appreciation potential.  

Has anyone done this before?

I have been through this.

Since BP has this new funky advertisement in the forums that does not allow you to reply, (link above) I'll reply using the same title in hopes to generate some conversation.

This is useful to you because the loan pay-down is taxable income even though you haven't put it in your pocket yet (Only the mortgage interest is deducted on your taxes). 2.

Generally speaking, hard money loans are often used by investors who need quick funding.