They send me turnover estimates, but also let me decide if I want to come down and do it myself.

I had success in getting foundation companies to come out and evaluate the property, provide a formal estimate for the repairs, and have no issue providing the required supporting data for Fannie Mae.

So if my estimate of $1500 for rent is close, does this sound good?

When you get a chance maybe you can update your profile with a pic.

I have been "researching" for 2 yrs b/c no $$ of our own to invest just yet. so when the opportunity arised, I immediately jumped on the chance...

Chances are they want to be done with the whole property.

When two nuts have guns the chance of one getting shot is pretty good IMO.

Karen Margrave, I haven't got a chance to really dig into it yet, but I've skimmed a few chapters.

They might estimate what the payments will be when they have to start being paid or they might just say since they're showing up as $0, they're not going to count at all.But if they're reporting with a monthly payment, then, yes, your stupid loans might cause you not to get a house.It would depend on how much the payments would be, what the total of your other credit payments might be, and how much money you're making today.Banks have really tightened up on that DTI ratio.

My lay-man logic is that if I owe $100,000 but the house is worth $150,000 I should be able to get that $50,000.3- My cash flow assessment was based off of rent minus PITI, estimated yearly maintenance costs, management fees, etc..