This is my first Brrrr I'd start the process to get the appraisal ordered and try to get a tenant in there before closing on the refi, otherwise the lender may lower the max LTV

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

It was probably close to zero per month.

You’ll sign a piece of paper at closing saying you plan to live there ], usually within 30-60 days.

For a quick analysis, I get as close to the 1% price to rent ratio rule for cash flow in Indiana when I was doing my search and narrowing down properties.

You can also find various contracts online, develop your own then have an attorney review it to ensure it has teeth, and is legal in your area.7.

How much of a credit do they offer at closing to cover the servicing fee?

There are a bunch of properties that run on Padsplit in Jonesboro (even closed on a few weeks ago). 

Unless you do a big value add you just can’t find numbers close to what you mentioned for a “safe” asset.

Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.