A loan option you could look into that will potentially preapprove you for more is a DSCR (Debt service coverage ratio) loan, which is based on the rental income of the investment property you are looking to purchase, instead of based on your personal income for a conventional loan.

HI I am a travel nurse who make about 86000 was told by my loan officer that because I am technically a contract based employment that she couldn't help us for another 2 years.

Two people in foreclosure, 200000 people in foreclosure, doesn't mean they are motivated to sell their house just because they are in foreclosure.The whole premise of lists , or classifying and labeling people/"motivated sellers", based on their situation, is completely wrong.If dealing with a foreclosure increases your chances of motivation, how come you need to send 1000 letters to the foreclosure list to get one deal?

You can't just assume a certain percentage based on the purchase price.A LOT of people get into trouble with the property tax side of things.

It gives both the owner and the tenant an opportunity to meet.Landlord laws are different in every state, so anything I say is based on my experience in New Mexico. 

Both of these are cloud-based software packages. 

But I’m trying to figure out if that loss is worth it based on the current numbers I’m paying for the property every year.

Hey @Marquez Cadet, We used to work with price per square footage but we shifted to estimating based on 4 tiers of size and then the 3 tiers of rehab that you mentioned.

View report*This link comes directly from our calculators, based on information input by the member who posted.

Based on what Darren said above, sounds more complex than just a standard conventional.