The rental income is the majority portion of my income which is where my problem is , my other work mostly consists of working for my grandfather in the Ag department. 

If a future deal looks similar I may want to change the split to 60/40 or something so I make a larger portion of the profit for doing the heavy work.

Assuming the size/#bedrooms is the same as the comps, my gut would say they'd cancel each other out and you'd be around $1300

The owner may reside in either the remaining portion of the structure or the newly created junior accessory dwelling unit.

I have looked into the DSCR loans but you would still need to come in with a large portion of the down payment correct (the remainder of what is under the 75% loan to rental income )correct?

You are not able to choose only the after-tax portion when doing a conversion.

I'm currently considering an off-market potential deal in GA and would like to do a quick sanity check on my underwriting with your help:Land Size: 96 acresDevelopment Potential: Zoning allows for 3 houses per acreLocation Perks: Public water.

Only a portion of the rent is covered.

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

There are properties across multiple-markets out there... which can provide a nice positive cash flow while only using a portion of your available funds.