Specifically, one who (as you mentioned) is a) an investor themselves, and b) is willing to tell me those hard truths you mentioned before we pull the trigger on a deal.

I too am finding these calculations outrageous...although I am willing to learn if they are simply the truth and my inexperience has led me to believe otherwise.

Your dti's will still be affected by this house and you are truthfully still going to incur admin time dealing with it monthly and yearly.My advice if you want to sell it OF would be to list it on the mls, get a 15-25% down payment and make it an arms length transaction.

Many suffer from MYTHOMANIA and cannot tell the truth.

My opinion is that there are emotional (obviously) and extreme opinions on both ends, and the truth is probably somewhere in the middle.

. :-) The honest truth is that the reason I am writing here, asking questions is to shorten the "reading and studying process" and leverage the experience of others.   

We in fact do lie when we don't tell the whole truth.

@Ramiro Rodriguez The plain and simple truth is; they probably won't check up on you after you've moved in.

The truth is it is available if you specifically target freddie mac home possible program.

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.