BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Any other rent items, such as pets, etc. must fit within those same calculations.  

For those that don't know, TN recently changed the way the franchise tax is calculated. 

How did you calculate the renovations, did you have a friendly contractor lined up?

Calculate your return on equity.

It's a little esoteric because it's more theoretical since it just feels like cash is leaving your pocket.The pay down of principal on a loan is included in the net worth return calculation because on a monthly basis the liability is shrinking, thus increasing your networth on the other side of the equation as assets are subtracted less and less each time.Also I might be mistaken but wasn't the equation from Craig Curelop's book? 

Mortgage $2600 -cashflow calculator $350+  (didnt take HELOC payment into consideration) Question #1...

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

View report*This link comes directly from our calculators, based on information input by the member who posted.

I have a spreadsheet that helps calculate an estimate of net gain over time that I've shared with clients debating the sell vs rent scenario, let me know if that would be helpful and I can send it to you. :)