You keep praising this lender because he/she doesn't factor DTI, but the internet is full of those lenders.

Either way there’s not much point in hunting deals until you know you can get it done when you find it.

I am also on the hunt for a multi-family investment property.

All the best for your BRRRR hunt!

Morrison,Thank you for the kind offer to loan me such a substantial sum of money.With Treasuries in the 2 to 4% range, I’m honored you would trust me, a barely experienced stranger you found anonymously on the internet, with your money at just over the same rate.

Your next step is to find a mortgage lender - local, not internet, and not Navy Fed - ask any local agent why, and an agent. 

I made dozens of phone calls, spent probably 100 hours scouring the internet and vetting deals, and flew down to Houston to check out properties.

I shared an article (printed out, because she doesn't have internet) written by an expert arachnologist at University of Wyoming that says this is a common - but false - claim.

On top of that, our education system seldom offers personal finance courses to young students, which will enable people to take advice from gurus or the internet and question whether or not it makes sense for them in their particular situation.

Pragmatically, I generally preapprove for FHA, and check eligibility for the two programs after it's in escrow, since MOST Realtors don't want to know anything more than buying power, and the MLS systems are not integrated into the two websites where you look up the census-tract-specific income limit for each program, so your Realtor will want to murder you if you try house hunting by census tract.