Ratios are determined (as they were by HUD) based on a statistical basis with a national population pool over a large spectrum of incomes viewed in light of default experiences.

I use it for market statistics/trends and rental income estimates.

Can't help but think of the expression,"Fortune favors the bold" in this case.Hint, hint...I'd love your experience to be one of the next ones on the BiggerPockets podcasts. :) To be clear I was living in Phoenix at the time of the flip (well technically a suburb).

Statistically you are going to get these long runs of rejections sometimes and then other times the right person shows up right away.

Also, beware about national statistics.

Statistics show the French market only making a slight dip in 2009, which they recovered from the very next year.

Although now I am trying to find the right way to study more, there must be statistic or so to study to have numbers make sense .For now focusing on BC or maybe NB , but I do not discard AB for sure, like many I looked into Calgary last year :) .I should reach out to know more about the inland market though , thank you Edit: sorry at mention do not seem to workHi Nicolas,As others said the first thing is to talk to a bank or mortgage broker (I recommend an investor focused mortgage broker) and find out how much you can borrow.

@Mike Dymski The comment that I made wasn’t meant to be  statistically accurate.  

Hawkins JrWelcome to BiggerPockets, a place to interact with a vibrant REI group, learn the real estate business and language.It doesn't matter if you are young or old, totally new or need to build upon your experience.Since you didn't mention a specific REI area of interest, I added the below links for three of the most popular niches from which you can pick one or all.https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums, Marketplace, Learn, Network, Analyze and Resources.Feast on the Podcasts, #askbp Podcasts, blogs and webinars REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

I am centering my hold stategy on man you factors but I am considering schools, location, educations level in the area(high school degree, college, graduate degree) as well as crime statistics for the area she and making my own A,B,C rating system.