If the note was at 4% your interest only payments would be $4,833.33 a month and you would be responsible for property tax, and other incidents of ownership but receive depreciation of existing structures and interest expense as tax deductions.

I hope the property taxes go away but I don't think it is likely  talk of eliminating property tax in FLA  is that what your saying ?? 

I hope you get to test that out.

I’m looking forward to engaging with you, learning from your insights, and hopefully building some amazing partnerships along the way.Warm regards, Dana FullerFinding Deals/Building a Buyers List:What are the best strategies for finding off-market properties?

Hope that helps! 

What are the new property taxes and landlord insurance going to be once you buy it?

Quote from @Alex Messner: Hello,My wife and I are looking into buying our first home with hopes to eventually accrue multiple properties for renting. 

I am a first time buyer, bought a property last year and will hopefully start building this year.

Hope that helps you out, good luck!

However, 80% is typically available as a rate/term aka limited cash out refinance (cash out just being used to cover closing costs and prepaid items like taxes/insurance).Your phenomenal DSCR is just a cherry on top.