Not many investors know it but $2,000 spent in marketing would easily save you $20k off the purchase price of an investment property.

I can list an $800 apartment, and even with gas/electric included, worth $150, easily, still have a tough time getting responses to a $950 advertised price. 

You can still easily edit your listing after activation, so don't worry about adding better photos later.  

Also the market has appreciated so rapidly out there so home prices are generally in the 130-160 range as opposed to by me where they are probably 150-170 for what I'm looking at.The house is listed as a two bedroom but because of a large living room extension, following some of the advice I read in Brandons first book I realized it could be easily converted into a three bedroom house.Anyway hoping to hear back soon from the bank (reo house) about my offer, but I just wanted to say through what Ive learned on here and from the podcast and books and yes even a seminar or two lol, Ive come to learn to think more like an investor and now Im starting to use that to my advantage.This will be my year.

Its such a simple mistake and could be so easily corrected.

I can also add partners (not planned at this point) more easily with it.  

A formula or rule of thumb is just something to help you filter.

@Colin Caporal-  extension fees  of 1.25 to take the  6% rate to 8.15  is  standard and OK  ...but ..you should ask the  question  about  what  happens if the  house and loan arent  closed  by 8/15/2022....(   this  could easily  occur  and  you want to  have this  issue  addressed  now  versus later )  ...were you able to  get the  DTI issue  addressed

In the case of these two people, they also have great credit and can easily get a mortgage on a home as well.So I was wondering if it would be possible to go the route of getting an LLC/Operating agreement set up, having a partner purchase a home with a mortgage, and quitclaim deed it into the LLC? 

@Paul Chase, and realistically you should not be able to easily hide assets from those things.