I’m an insurance adjuster right now by day so I don’t mind awkward conversations lol.

Thanks for the input guys...Michael, that's part of my dilemna...I want my renters to enjoy the home and have the flexibility to adjust heat/AC to their liking - AND want to come back to my property.

John, If looking in DFW area:I'd adjust Taxes to 2.65% and House Insurance should be 0.60-0.70% (just avoid the HOA).

My credit union just told me 6% for 5 years - adjustable every 5 years. 

As for your other questions- identify your long term goals and adjust your investment strategy to push you towards that end. 

Usually you'll be in a commercial loan 5 year fixed rate then adjustable after that. 15 year term normally, some will do 20. 

Rate is 6% for 5 years then adjustable after that on a 20 year loan.    

That first purchase is the hardest...it won't be perfect, but you sure will learn from it and make adjustments as needed. 

You can file it at any point in the year and the adjustment will go against future taxes, sometimes eliminating the next few quarterly payments or more.

Hoping to get this done by Monday, along with an adjusted price.Would u suggestion I mention the recent appraisal?