Since l, I was able to prove I I am station out Waco, I was able to use it as a primary and my home as a secondary.

Based on my math (again I will need info from the seller to confirm) using the 50% rule by year 7 I will net over $250k (gross income is over $500k)  which should be plenty to provide the down payment and prove to the bank that I can afford the mortgage.Thoughts????

How well everyone understands what goes on in each field of real estate is tough to say, but there will always be people who complain and want to "tighten things up."

Hey @Tom Keller That amount is going to be tough to squeeze out much cash flow here in Raleigh unless you are getting into a partnership deal.

You can't just say you used it for rehab, you need a paper trail to prove it. 

Our market is very tough right now for buyers.

Yeah this is a tough one.

Or is it just a tough market to compete in with the competition right now?

This one will likely not cash flow, or not very much.You are correct, true cash flow is tough to find. 

Our plan is to do a 1031 exchange and purchase a multi-family property around $1M with either 4 or 6 units.I am having a tough time figuring out where or who I should speak to about getting favorable financing for a deal like this.