After that I am using 5% rent increases with 60k renovation in yr1- using 20% down around 8.5% rate, many loan officers keep telling that only 25% down is minimum.. idk- yr1 goal to increase rents w renovation around 60k spend w 5% rent increase (tricky part it probably lot of rent lost while renovating maybe 2-3months) - estimating that yr1 and 2 is negative CF and then projecting positive CF w yearly 5-10% rent increasesAny ideas if this makes sense or not?

My wife and I are thinking about doing mid term rentals so a buy and hold strategy may be the path we choose.

But not sure if I'm overlooking anything else that would cause increased scrutiny.Also, to clarify, my overall goal with the property is simply long-term wealth building through mortgage pay down and appreciation so I'm not targeting properties with very high cash flow thus the focus on tax writeoffs.

My spouse is trying to meet real estate professional status with the goal of offsetting my W2 income tax. 

I have heard of instances where one (the borrower) is allowed to choose the appraisal company or put in a recommendation for one which the institutional bank may honor, and then the person already knows someone there, that they have gotten to know with time from other projects, and it's not unnaturally inflating value but favoring a good one to keep the reoccurring client.  

It's important to choose that one and commit to using it.

It's important to choose that one and commit to using it.

You will nitpick all new tenants and never choose one.

Very few even grasp what this means, it means to HURT, to exist in a state of PAIN, to choose to live in pain in so many ways, so many aspect, because one is choosing to SUFFER on so many aspects of life, to afford the total dedication and allocation of EVERYTHING to that ONE-THING that truly and most importantly matters at this stage in the plan.     

The tenants may not like the timelines or outcomes of the repairs - part is on back order, they have to pay for the repair due to abuse, the owner chooses to repair instead of replacing.