We have a recurring issue with mold appearing in various places in various units. 

You would need to have 700+ credit score, the loan amount plus an additional $500k, plus a few months reserves for payments, and 60 months of reserves for other recurring debt.

Your rental income will need to cover the cost of your loan (Principal and Interest) each month with insurances, taxes, and whatever recurring expenses you decide to work in. 

Expenses: PITI, Maintenance, Cap Ex, vacancy, utilities, PM, Misc (LLC fees ($800 in CA, I understand in Texas it is non-recurring), umbrella insurance, tax man/account, rental unit tax, legal consultations, office equipment, unusual utilities such as a result of a slab leak, etc.).In summary, I want investors to understand rental expenses. 

The answer he's been getting from the big banks has been "No income + new retiree = no loan" Tell him to initiate regular recurring retirement distributions and call back in a couple months.

Anxiety is the biggest killer for earning maximum profits.

I am having full blown anxiety attacks over this.

It's NET income (not gross), plus the value of non-recurring expenses (like a remodel, new HVAC, paving, etc.), depreciation, amortization, interest payments and any personal expenses paid by the company (car & gas for personal use, health insurance, life insurance, etc). 

I would weigh how much time QBO would save you by being able to automate a lot of your bookkeeping if you have a lot of recurring transactions for your businesses.

I'd like to get a recurring monthly meetup going but figured we could start small and casual.