The last VA loan I funded the underwriter wanted proof the veteran had some sort of landlord experience prior (not a full 2 years) and they wanted to see 3 months of cash reserves but this was a fourplex in the Jefferson Park neighborhood of Los Angeles, CA - mid 2017- when calculating your DTI are you using what you feel you're getting in terms of cashflow on your two properties or have you sat down with a lender and did a cash flow analysis using what the guidelines will allow you to count towards your DTI?

I have plenty of powerful spreadsheets, but also looking for something simple in the palm of my hand for when I'm no the go, driving for dollars, etc.Anything out there that you'd recommend?

and like you said you can always renegotiate to meet an under appraisal.And of course in my world it allowed us to 1031 out which, you might guess, is a subject ever so close to my heart :)@Cara Lonsdale as long as you don't get greedy and build in realistic appreciation factors you can even do this buying at retail. 

We think there are still good deals out there to be found, and having the right systems in place and continuing to nurture relationships in the marketplace allow us to uncover them.

Most of the lenders who offer those can offer a release clause that allow you to sell or kick out one asset without redoing the loan. 

Your options will be limited, You can file documents that will allow you to go after bank accounts and garnishments but that gets more complicated and he may need legal advice to do that.

Matt Berklacy Your best bet is to get your salesperson license and hang your hat at a brokerage that allows investorsThen you can get access, put I.

Those "Fannie Mae" guidelines are the "allowables" set by Fannie, and only mean what Fannie will reimburse the servicer for, not what the actual normal costs are and even then, it's only when the servicer is using that designated counsel approved by Fannie.

Figure out a Refi mortgage payment/Loan amount that allows you an acceptable Cash Flow number. 

So, if a lender is only willing to lend 60%, the bank may allow a seller second of 15%, reducing the buyers down payment to 25%.