I deal with Regions bank and they have a charge for bank checks but give me all I want at NC due to my relationship with my banker.

I guess my situation could be worse, but I have a great multifamily under contract which very conservatively needs about $20k worth of work to be 'nicely' fixed up- new stucco, paint, carpet, updating bathrooms and kitchens, etc.The problem is I already have an FHA loan, and won't qualify for the ideal FHA 203k program.

The other factor is that banks want to see the borrower have some "skin in the game"...when you are 100% leveraged on a property (even one where the value is significantly higher than what you purchased it for), it's pretty easy for you to just walk away on a whim.

All these things factored in would seem to make it difficult to compare yearly income to purchase price.

So many factors to consider.

I'm just using this for planning factors.

factor" (is that a scientific term?)

You go from dividing cash flow by $20,000 to dividing it by $5,000 increasing your CoC by a factor of 4.

Ideally this collateral would be used to secure a line of credit with as few covenants as are feasible.

I set up a dedicated business account that ideally would (if I cared) handle any tenant interactions.