Retarded but true.Banks also look at your gross vs. net.

I won't look at a property unless the gross rents are about 2% of the acquisition cost (purchase price + rehab cost).

They allow the renter to pay no more than 30% of their adjusted gross income each month.

Get a house bought and rented for 35-40K and make gross rent of 800-850/mo.

Can anyone explain what costs are involved to create the gross amount of the deal?

For you bank employees, a little piece of advice.

.- Homeowners mortgage payment exceeds 31% DTI based on gross income.- The Loan must have closed before 1/1/09.The qualification of “or default looks likely†seems to indicate that the borrower does not have to be in default in order to qualify for a short sale, just that a default looks likely.

The "working" partner gets that amount in addition to the profit split.Option 2: Clockin/Clockout like an hourly employee.

Outsourced the most time consuming part of my business and new employee starts tomorrow.

The 50% rule assumes that vacancy, loss to rent, operating and capital expenses will average 50% of gross rents per year.