Start by calculating the percentage of your rented home, typically based on square footage.

Make sure you take advantage of the various resources (books / team builders / calculators) while you learn and get ready for your first purchase! 

Definitely reach out when you get closer, I do a lot of new construction dealsInitial Assessment Based on Land Only: In the first year, property taxes may be based primarily on the value of the land, as the construction may not have been fully completed or assessed by the time property taxes were calculated.

This can create challenges because the rental income might not be recognized in the same way, affecting the DSCR calculation.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I read somewhere that the average in SF is 50% but not sure how that figure was calculated.

The HOA I believe is on the hook as they provided the estoppel - this is what I found: So, when the association represents that a certain amount of money is due for a unit, the title company and the closing agent rely on that number in calculating the closing adjustments and issuing title insurance.

As a lender you must prepare estiamtes for loan expenses, profits would be unknown, so they can't be disclosed under RESPA and your APR calculations will be off by much more than one tenth of one percent, so there can be another violation as a lender and usury law may apply as well.

I will take this into consideration and calculate the numbers to see if they still work with the repairs that need to be done. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.