You own the LLC, and just like any other business and the income/loss of that business will factored into your debt to income. 

Be cautious of cities that aren't proactive in job attraction; too much growth can lead to strict building regulations, affecting housing value.Other Factors- Favor cities with a crime index that has consistently decreased over a decade.- For appreciation, I look for a minimum of 2.5% YoY growth in median house values over the past 20 years but I don't use this explicitly in calculations.

But $500 will definitely not be cashflow need factor in all the wear tear, cap/ex etc.

Hi Casey,As the gentlemen's above mentioned, 20% out of $700K is indeed $140K, so the answers is yes.As a hard money lender, my 2 cents for you is that if you don't understand the loan structure in 100%, not 99% but 100%, don't go into it.BTW - As hard money lenders usually we charge less than 20%, but seems like this is a factor of maybe less experience you have.Anyhow good luck!

If this is your first investment i would also factor in distance to where you live. 

There are other factors at play, but this was just the first thought.

My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.

You want to factor in location, condition, bed/bath count, and square footage.

Make holistic value buys--time, price, quality, reliability all factored in.  

Set up will vary depending on a number of factors.