The agent could tell you who they report to, which is the communication line of folks to follow.

Hello BP family I recently signed a contract with a private investor which consisted of me finding off market properties.

Take the high road and let it go, at the same time maintaining excellent communication with the seller.

Debt to Income - DTI - is only use on FHA, conventional, Va and other typical residential transactions (consumer front).If you're going to a portfolio lender they look at lending from a 1.25x DSCR point of view (industry standard) which in essence is a 80% Debt to Income if you think about it.1 dollar of debt / 1.25 dollars of net operating income (NOI) = 1.25 X DSCR = 80% DTI Never the less us bankers joke about it all the time because it might be crazy from a residential loan officers point of view but in the banks eyes its not from a commercial point of view.The commercial bank views income property as a consistent sustainable source of reocurring income especially in stronger rental markets so having 1.25 dollars of net income coming in for every dollar of out going debt service payment is acceptable.The mess with this 1.25x they will sometimes make you conform even while subjecting you to underwriting at higher rates, shorter amortization periods, and other income adjustments that make it harder to obtain 1.25x.

I am aware of everything you outlined, I just didn't communicate things clearly on my post.The loan is a good faith, "old school", handshake loan.

She trashed the apartment and the repairs are costing about $5k consisting of $2k carpet, $1.5k doors, drywall, etc, $1.5k paint.I know i need to capitalize the carpet and depreciate it, but am I required to capitalize the new doors, drywall repairs, and painting the entire apartment as well?

It's important to note that one can have different criteria for different properties as long as it's consistent for a given property, subject to LL policy changes in a multi where those changes may have to be implemented over time as leases expire.You obviously don't have rental property in Texas.

Plenty of guys like me that will buy anything you've got if you can get the numbers in line.Lots of ways to find deals, but the most consistent is to market.

Factoring in closing cost which consist of attorney fees , application fees , appraisal , carrying cost ,points ,.etc.

There is a stipulation to the on-going and casual communication with the Buyer.