You might burn some human capital (like, frustrate your broker/banker/lawyer or the other side) if you go under contract then find something you don't like and don't buy... but obvious I'd prefer to do that than to buying a house with expensive or difficult issues.I know from experience that FHA loans for 3+ family homes can be a little challenging (they have to meet a "self sufficiency" test, where the rents for the units have to substantiate the carrying cost of the property).

You could still have a case of equitable interest and, with a sufficiently knowledgable tenant/buyer, may end-up exercising power of sale or foreclosure to regain possession.

It even is sufficiently detailed that it populates the 3.533 number right down to how many days there are in the current month and even knows leap years.But the stupid little worksheet does not do that.

Check to be sure the width and thickness of both floors are the same, as well as them having a sufficient wear layer (as one may have been sanding more times than the other).

I live in FL and work with him virtually and find that it is sufficient. 

If the business entity taking out the loan is properly set up (no humans anywhere in the ownership chain), the acquiring entity's credit alone may be enough to put the deal together if the entity has a strong enough credit profile and financial statement, and sufficient cash is available to balance the lender's maximum LTV against the purchase price.Just a starting point ...

Podcasts led me to believe that rental cash flow that meets or exceeds monthly expenses is sufficient to quit a 9-5. 

The home inspection report states that this is sufficient for each unit.What would you do?

As we grow, I intend to take further measures but since we are just starting out there is really no reason to get crazy since the Umbrella is more than sufficient.

The tools on BP are probably sufficient to provide quantitative answers for you but I can tell you based upon personal experience that negative cash flow is not a good idea unless it's purposeful, specifically as a tax write-off.