It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

Naturally, they are your competition and the daily rates need to be taken into account.

The ability to effectively self manage would depend on the scale you are trying to buy. 

We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

Frequent hail storms pushing insurance rates up in that market. 

@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

And, analyzing ROI, CoC, and rent vacancy rates, etc are all manual. 

We only get a statement from the management company about the rate.

The higher you go on the LTV, the worse the rate will get.

Do you look up competitor rates?