Each bank questions my debt to income ration stating they do not feel comfortable with what I make yearly.

Here is the number and scenario.Purchase price: $255,000Unit : 7 units Bedroom: 5 ( 2 Bedroom) and 2 ( 1 bedroom)Occupancy: 6 out of 7 in the last 6 monthsIncome: $55,200Total Expenses $21,657Expenses as % of GOI 39%According to the local lender, 80% of the appraisal or 205,000 for a first loan. they are comfortable that seller carry second as soon as 1st and 2nd does not exceedi 95% of the value.Seller agreed to carry 45k for 36 month @ 9%.

I'm frustrated that rent manager isn't more accounting friendly.In my opinion, using separate accounting and pm software is redundant but at present I haven't learned enough about rent manager to be comfortable ditching accounting software.  

New folks want a deeper discount because they still are not all that comfortable with the asset class.

The property is only $100K and yes, I would be comfortable with the current rent.

Morning Team,I am a military member who has a small portfolio of homes and after joining the site i have really been scouring a few markets im comfortable with for that perfect multi-family.

I'm a new investor and would feel more comfortable pulling the trigger on deals if I had the backing of an appraiser.

Before you purchase anything, set your criteria that you feel comfortable with.

Hi Robyn,You are right, it is different for everyone so you need to decide what you are comfortable with.

You CAN help facilitate the process, but you have to be on good terms with the other two parties, understand and compromise on the goals of the other parties, and ask what you can do, then follow through 100%.Banks are notoriously slow and ineffective when it comes to making this process comfortable for the other two parties.