And all your other debt payments factor into this, too, not just housing.However, there are reserve requirements in your situation: Current principal residence pending sale, converting to second home or investment property:Additional reserve requirements apply to these transactions.

If tax records are no help, then consider having a professional appraisal done that does allocate the appraised value between the land and structure -- this will give you an allocation ratio that you can apply to your purchase price.

Paying off the loan "instantly" gives me a 24% CoCR for the next 6 years.It has no effect on my DTI since I apply for new loans personally and the student loan debt is in my wife's name.The price of real estate in my area is all over the place.

@Brant Griffin This applies to all vacation rentals, but how are the vacancy rates for vacation rentals in Palm Springs?

Zach,When you select a business name then you need to apply for a Duns#.Joe Gore

This applies to all walks of life... the law is not necessary for good people - they do the right things without being told to do so.I sort of chuckle when I hear on investor say that his/her lease is 40 pages long.

Would it be wise to apply for a non-owner and an owner occ loan at the same time?.

Many details will apply.

I think, that they think, that they can just reduce the purchase price and apply them to seller closing costs ..

Then click "Apply Search"I get members from all over the country...?