Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

I was told that there are crucial elements of investigating a property before even attempting to buy it. What is all the pertinent information I must know before I purchase any property? I know that I will need a t...

Matt, yes you are correct.

I have a couple questions:When I went to purchase a rental property my mortgage banker told me I had to use a commercial loan if it was going to be an investment property...is this correct?

@Gavin Welch is correct.

Renovating/rehabbing one or a house for decent cash flow will be at least $150K+ (someone please correct me if I'm wrong).You can try Hamilton, Barrie or Orangeville, but you have to study and know those markets (war zones etc.) or get an agent to assist you.Just my 2 cents.

Too much drama.In my opinion, real estate has not finished its correction here in the US.

First off I know this question has so many variables and there is no correct answer but id like to hear your opinions and welcome all feedback.A little about myself, I'm leaving the military next month and have been trying to find the right place to relocate to.

@Will Barnard Haha yes you are correct, 25k buys you a fruit stand out here in Orange County if you're lucky.

@Minh L. is correct - you don't need to pay anyone to gain a quality education - there is plenty of quality educational material available.