However, the stars kinda need to a line for that to happen; they default and your foreclose, the court decides on Ch7 vs CH11, the housing market gets soft. 

:[/u]Hard, real costs (eg $$$ being paid out)[u]Principal PaymentInterest PaymentProperty Insurance PaymentProperty taxesMortgage InsuranceManagement feesMarketing feesRemodeling expensesRepair expenses[u]soft costs: real but not $$$ paid out):Vacancy adjustmentAdditionally, should I be pretty happy if my rental property rents at twice PITI?

Also be aware before you start of the amount of soft costs involved just in A&E, legal, title, etc.

You can work with a NonQM lender (Soft/Hard/Private Money) and have no issues. 

Use cost-efficient area rugs to add softness and decor to your rooms and those can be easily swapped out and updated as needed. 

You have a property manager so have that person start soft marketing the unit so you can have prospects identified quickly and minimize the hit to cash flow.  

Closing costs are usually less but you have a soft refinance every 5 years usually costing a couple hundred dollars.

Is that including all hard and soft costs?

Thus when someone who doesn't qualify based on the criteria you have set still wants to view the property it's a little easier to say that you must follow the criteria set by the "company".In the past I was more soft hearted and allowed more wiggle room with things like income criteria (at least 3 times the rent) and credit history (i.e., collections) and by doing so, I was often bitten in a tender spot in my anatomy.  

However, now $1 will only buy a soft drink and an equivalent meal would be around $7.