If you find someone giving you confused looks, seek a mortgage broker that helps investors.I'm not so sure how they would calculate income from short-term rentals.  

Be prudent and cautious, but take calculated risks.REI meetups are a great place to meet like minded people and connect.

Others are more hands off and want the data but don't need to calculate to the penny.

@Zach Howard the basics of the Rental Purchase Calculator is easy to understand and replicate.Google and you can find many similar spreadsheets for free.

Many voucher holders also work and so sometimes they will have a higher amount to spend than someone who doesn’t work because they can pay up to a % of their net income from the HA’s calculations, often 30-40%.

The rest, put you on near-worthless drip campaigns, don't understand calculating the offer price based upon rents - property taxes - insurance - MNT & Vacancy percentages, etc.DM @James Wise to schedule a chat with him!

I am using the BRRRR Calculator and was wondering if Homeowners Insurance estimate was included somewhere or if I had to manually enter it somewhere? 

Since this is the tenant's money, I want the bank calculating and holding everything versus storing balances in my spreadsheet.

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!

I've been an excellent student of calculating repair costs and ARV.