Missing a lot of facts here but sounds like based on where you're at you don't have many options:1.

I know its not a huge spread but like I said I wanted to try something new.Hey Jonah, Congrats on a good deal, to only need a few cosmetic touches and to get that nice little bounce in value is awesome.And 7% is probably a pretty solid estimate (usually based on FICO) but I think the important question that you are asking is what is your long term strategy with it?

Just an FYI to everyone like @Tom Dieringer said, this is a base contract for anyone who wants somewhere to start.

Loan interest is deductible based on it's use-not the asset securing it. 

@Patrick Hancock let's touch base next week

See theolivejar(dot)co for her website.She is an LA-based STR designer who has helped a lot of clients get to the level they need to.

Quote from @Elaine Ericson: Thanks but as I mentioned in post she's a Real Estate agent and she is paid a commission based on sales and does not earn wages. 

. 😊 Where are you based?

For example, an algorithm can't compare a property that charges a flat fee for utilities vs one that charges based on use. 

But based on my personal experience you won't cash flow with a DSCR loan on a SFR rental.