The only thing you have to be aware of would be pre-payment penalties but those tend to disappear after a year or two.

I know, I know, we are all "business owners" who work "on" our business, not "in" our business, yada yada yada...) are aware of any tax strategy/mechanism that enables us to pay our health insurance premiums with pre-tax dollars as opposed to after tax dollars. 

I went through the application process and was pre-approved which I figure most people are but maybe I'm wrong there.

So, last year I went to get pre-approved for my 1st investment property.Unfortunately our DTI was too large.

Quick facts: Looking for a home in the range of 50-70k Down payment- 20-25%Credit - 770 I went through Quicken Loans to see what I could be pre-qualified for and they asked if I would be willing to look in the 100-120k range for a property.

The investment has to be an investment and stand on it's own.My clients typical commercial deal for retail is 25% down and cash on cash from 15 to 20% pre-tax annually.

I reached out to a local lender that was experienced with the 203k and got pre-qualified.

Don't buy war zone properties and pre-screen over the phone correctly. 

I spent some time creating a sheet that has the actual numbers (not pro-forma) and does a cashflow and IRR analysis both pre and post tax.

The bank initially pre-qualified them for the loan but then, when it went to underwriting, it was a big fat no because of the no history.