But, moreover, it is just a timing difference and a short one at that - part of a year.

For example, the pro forma projected that the property tax expense for Year 2 and Year 3 to actually be LOWER than what was paid by the seller the year before the sale.

Duplex opportunityI am from michigan and take home about 4k per month after taxes, 401k,insurance etc as a RN which ive been for 2 years.

The church refinanced the subject property and paid the note off in just over three years.  

Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.

That went on for at least the first ten years.  

I'm 36 years old and live in Malden, MA.

Generally speaking, properties in various neighborhoods can be classified into:● Class A: constructed during the past ten years or new construction.

Although that cash flow number might not be there until year 2 as usually that first year of a new STR tends to be lower rent. 

I have done business with Dominion for their 30 year DSCR product.