It's a gradual, steady increase over a long period of time.

This post is exactly why I say spend the few extra bucks and get the keyboard with the comma and period keys. 

Maybe it is because they are under the testing period.

Definitely ask for a POF and make sure that the initial deposit in large, placed into escrow and is non-refundable after their short initial inspection period.

/  :)@Jay Hinrichs:  @Peter Walther:Yeah, it's best if he says it in his own words You will need to place periods in the appropriate spots ie .youtube.#251 Wholesale Hotline | LIVE Real Estate Investing Q&Ahttps://www youtubecom/watch?

Since it's my first property the last HM Lender I talked to said it would be 9.9% interest only with a 6 month period before I can refinance to a traditional (or DSCR) at around 7% Seems like both conventional/HM loan will be the same in the end.

I purchased a website and here is my actual revenue so far:I've gotten about 52,000 visitors to the website in this time period, mostly from Facebook. 

Mortgage BuydownsA mortgage buydown allows you to pay an upfront fee to lower your mortgage rate for a set period of time.

For any requested repairs etc. during this period when you are trying to evict them you might consider providing instructions to deliver requests only in writing perhaps to email or a google voice number.  

I'm a little curious about some of your assumptions: 1) Vacancy at 3% is very low (5%-8% is more common), 2) 5% income and 0% expense growth aren't realistic - more common is to have the difference between your income and expense growth around 1%-2%, 3) Paying P&I during rehab isn't common - normally this is setup as an interest only period until the property is stabilized and then do a DSCR loan, 4) A proforma cap rate of 9.21% is very high for this type of property (this more of a cap rate for a Section 8 property).