If the bank wanted $150,000 more than the FMV then either the appraisal is WILDLY wrong, or the paperwork indicated the borrower could bring an extra $150,000 to closing.  

What key indicators do you use to determine if it is a market worth investing in?

Hello, I am interested in the House Hacking Strategy where you buy a home-- rent it out while living there and then transition to another property using the fact that you are moving into the new property as a primary dwelling to continually minimize the amount of cash that is required for down payment.

She comes in once a week so cost is minimal but she provides me so much time to play with my houses.I would throw that Triplex in an LLC real quick. 

First of all I have been looking at Cap Rate and CCR as basic indicators while doing my research, I have found some sources that say I should include Debt Service in my CCR calculations and some that have not.  

To the extent that you wish to trust the demographic data entered by the loan originator, Home Mortgage Disclosure Act data is publicly available so social justice groups can sue lenders for unlawful discrimination if the data indicates that is warranted (Wells Fargo etc).CFPB has an interactive website that lets you play with the data.If there is something unique about properties in the area you want to buy in that you want to get in front of, nothing will beat picking up the phone and calling agents in the area.

Though your leverage is reasonable at 70%, your words indicate that your cash flow is not quite strong enough to comfortably endure decreases in rent.  

Valuation of items of clothing does not lend itself to fixed formulas or methods.The price that buyers of used items actually pay in used clothing stores, such as consignment or thrift shops, is an indication of the value.You cannot take a deduction for clothing donated after August 17, 2006, unless it is in good used condition or better.

I have been able to save around 25k cash in the bank with no debt to my name and minimal life expenses (living with my parents saving money hand over fist).

., I see that you're in California, and without knowing how familiar you are with the Greater Toronto Area real estate market, I'll just suggest that you speak with a few Brokers and look for:- Many years in the business;- Several indicators that they are not "typical" Agents; and- An online presence which shows you that they have nothing to hide, and many people are happy to say good things about them.Please look me up on LinkedIn, and if you'd like to chat, message me through BP, or call me on my cell: 416 - nine nine three - 8199.Oh, and I've spent most of my life in Toronto, lived in Markham for more than 20 years, and now live in East York (on the border of Scarborough) with many active clients in Scarborough.Regards,Claude Boiron