It may have some influence, but it is equally (or more so) important that the property has adequate cash flow to support expenses as well as servicing the debt cost.

Thank you for all the helpful information and support its greatly appreciated 

Sorry to be so negative, it is just frustrating to be willing, ready and able to make a purchase and pay for the services of a professional support team but not be able to make any progress.I'll check out your site but fix/flip is not passive and I need a much more developed team before that is viable.  

Aloma,Thanks for the support, and advice!

Anyhow keep Memphis in your thoughts and prayers and keep supporting us.

It is great that they are supporting you and wanting to invest with you.

It will even drive the location that supports your guidelines.

Be sure you have reasonably accurate ARV with comps to support it, and realistic RCE....then call me: 425-610-7031 and email me [email protected]  

cool thats good to hear, however the other side of the story thats not really talked about by lenders is that if you have a lot of other properties in the area you are trying to buy a property "in" then it may be very difficult to purchase an eleventh financed property as a primary residence unless it makes sense for your given scenario.Often times this requires:- a Great LOE - letter of explanation- supporting documentation like relocation letters from employers, LOE's from family members, spouses, marriage certificates, mammograms (show increased family size), etc etc list goes on- your  track record with other properties, like did you buy them as a primary then switch to investment properties (underwriters test to see your past "integrity," with mortgage transactions).

Day 15-19: Unexpected Support IssuesAs can be the problem with ripping down walls "to the studs", we found that some aspects of the house contained shoddy work with the framing and dry rot.