Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis.

Are they being honest about the number and type of pets that they have? 

Our application asks whether they smoke and if they have any animals (do not use the word pets). 

The 50% rule is related to expenses, which does not include debt service, so your down payment won't affect that.If you're not planning to live in the property, you will have to put down at least 20-25%.

After expenses, which included a special HOA assessment and a month's rent to my agent, 24 payments of $1595 ($38k) left ~$12k in rental profit.

@Rhyna OrillanedaThat like asking Petco if they sell pet food.

I can get a complete flip done for $30/sf, but that would not include roof, foundation, HVAC, major electrical, or major plumbing.

We recently experienced this exact scenario...the landlord hadn’t raised rents in almost 30 years and the tenants had heat/hot water included!  

As we now close our 14th month of investing we have completed well over 30 deals which include acquiring over 20 rental doors, 6 flips, and several wholetail deals. 

Attached is the result from DealCheck.IO, and includes Capital Expenditure of 5% and Property Management of 10%.I don't know whether this will work or not, it's a PDF file.