I submitted an application to Wells Fargo, but was rejected due to the property debt service.

BUTOver all If your rent roll. gross rent would be 90k and you take say 50% out for expenses. your net income before debt servicing would be say 40k.If your COST been $1.3 million your cap rate is ?

You have $350,000 in cash available to invest, and your bank has said that the potential financing terms would be 80% loan-to-value, 1.20 minimum debt coverage ration, 6.75% interest (fixed for 5 years and floating for the remaining 15 years of a 20-year term), with 1 point payable at the closing.

I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason.

I'm looking for information such as:Cost of the programPercentage of people that have successPercentage of people that do nothing/end up with debt and no property. 

More times than not, the chain of command can make life very unpleasant for the service member until they settle their dues/debts.

Buyers don't care about your debt, even if you're underwater.

Wouldn't using a HELOC leverage your equity vs getting a mortgage that leverages debt?

I have been pretty lucky I think so far in that costly repairs have been few and far between but I have built a cushion using the money from rents so I feel safe now that a repair would not (hopefully) end up digging into personal savings or turning into debt. 

Just graduated law school with no student loan debt, my wife is going for her NP and is also a vet.