At that point - won't it be at $30k/month, adjusted for inflation? 

Hi David,Like the others have said, I'm seeing DSCR rates start in the low 7's and go up depending on the lender's specific loan level pricing adjusters.

This applies to current year tax deductions, and you can also employ a “look back” cost seg study where you can retroactively reclaim any missed deductions from previous tax years.By filing a form 3115 and calculating the proper 481(a) adjustment, you can recapture and correct any erroneous depreciation in prior years and claim the difference in the current tax year as a lump sum.

Any other gotcha'sI am looking to move from using QuickBooks and manually running ACH to a product such as this, with the added ability to track any maintenance items, etc.

Are you asking about an adjustable rate mortgage?

I recommend you do this annually to adjust for utility increases and other variables.

A second home loan isn't as appealing as it was in the past after adjustments were made to make pricing similiar to that of an investment property.

Your first deal should be close to turnkey to limit risk and get a feel for your team and make any adjustments for your second deal.  

Correct, and it would adjust basis just like your typical mortgage would 

These adjustments should make your message clearer and easier to understand for whoever you're asking for information from.