Imputed expenses are important because they will be included as Operating Expenses when a lender appraiser does its appraisal, and also when the lender calculates its Debt Service Coverage Ratio.Regarding pest control, it's not just monthly roach spraying.

It's a great book about how he became debt-free and started investing in house hacks.

You should have 3 cards. 

After I got good at pulling leads that work, I can switch that ratio and spend $3 on leads and $7 on sending something to those leads;  post cards, sms, rvm, cold calling.   

Since you're not even sure if you want to be a landlord then take the bulk of the money and pay off any debt. 

2> Terms and best practices: What are some ways to better set myself up to qualify for long term debt service products?

Cherry South Bend INCurrent Property Status: This asset is sub-performing, which means the borrower is due for July, and foreclosure is to be referred next month if the account is not brought current.Syndication: Scottsdale REI - III - XXVIProperty Address: 172 Carlson St, Westbrook MECurrent Property Status: The borrower is currently in foreclosure, and the Fair Debt Collection Practices Act (FDCPA) letters have recently been sent to the borrower.Syndication: Scottsdale REI - III - XXVIProperty Address: 13959 465th Ave, Wilmot SDCurrent Property Status: Scottsdale was required to issue Service by Publication.

We allow Tenant Portal (ACH), Direct Deposit to our bank, Venmo, Strip (credit & debit cards) and old-fashioned mailing of checks. 

If the seller doesn’t meet your number, shake their hand, give them your business card, and say, “Call me when you’re ready to deal.”

So it really comes down to risk management and how comfortable he is with debt.