The only things that matter are credit, down payment, reserves, and DSCR ratio! 

The BRRR method is not about "numbers working" in a given market. 

(Close on the payment calculation!

S8 will include utilities in the rent payments to the landlord, BUT ONLY UP TO A CERTAIN AMOUNT.

This is money that was used for the kitchen and down payments on our last two properties. 

If the rental income doesn’t sufficiently cover the debt payments by their standards, they’ll limit the loan amount, even if the property is worth more.You could try a few alternatives:•Look for lenders who specialize in commercial real estate and have more flexible DSCR requirements.

Do you plan to pay all cash with the equity or use it as a down payment?

Egress: Two methods of egress, typically a door and a window.Ceiling height: At least half of the room should have a ceiling height of 7 feet.

But the $2300 down payment, $2500 over asking and paying the fees seems, not quite right.

That's fine as long as all the payments go directly into your SDIRA.