Probably lost money just a tad under 8 years before I was able to bail myself out of that financial disaster.I agree with @bob bowling - you slaughter the goose and are about to get rotten eggs.

So it is indeed a bit of a chicken or the egg game.Just know that if it's a REALLY good deal, DTI is not going to be an issue and we can work it out once in contract.

I would say 95% of my past issues were on the tenant side of the transaction- cell phones timed out during payment processing or they had multiple accounts and selected the wrong one- so I am not sure how I would be able to help them with these things going forward.  

Sound financial planning is all about diversification (or, in other words, don't put all of your eggs into one basket.)

Divide your nest egg by $100k and that produces X number of properties and X * $50k NOICase-2, buy with a low down payment from your nest egg (assume $10k) and each produces the same $50k NOI. 

I have his cell if you send me a message.

If you want to connect hit me up on my cell.

But if you like rentals and want that route then use this money to create a big nest egg quickly

This leaves only small local banks who are typically not very competive in terms of the interest rate and reliance on the borrower history, putting you in a chicken or the egg bind of trying to build a history without a loan.

All it would take is one person taking a quick cell-phone photo and I could lose my notary commission.