If rents rise over the next few years, that could help cover some of the higher payments if interest rates continue to climb.

I tend to do a quick dirty look at a building like JW with price per door, but after that sniff test, I quickly like to understand $Cost/SF and $rent/SF.The way I look at a single family, 2-4 units, or a 20 unit is all different, but the end result is still ROI or IRR (over time). 

That is roughly 9% rent price appreciation over the original rent estimates. 

Rather than build a portfolio 2-4 units at a time, we want big deals with 5+ MF at or over 100 units. 

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

If the rules change then sell or use for a long term rental because the home values continue to rise.

I am a teacher and high school football coach so things have been so crazy, now that football is over I am going to look into this more.

You say things like "It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state."

I'm ready to pay 10-20% and fully expect lenders to want some control over the rehab.

I know one person that did this recently and was able to negotiate no money down and 12% over 5 years but this was probably in the mid west.