Also to risk adjust the returns.  

But what difference does it make if the leveraged portfolio earns an insufficient risk adjusted return?

This fact makes it possible to easily adjust the LTV ratio and protect the lender’s investment.  

They will also provide guidance on how to handle the conversion and any necessary adjustments.

Trevor, you can adjust your due date in Baselane if you're inclined to let her pay on the 3rd, but make sure you have also adjusted the terms of your lease to reflect that.

Long story short, I spent about 3 months figuring out how to make half-decent drawings and refining and adjusting them to code.We started work on the basement at the end of May with Minh and by the middle of September the basement was transformed into a luxurious 2/1.That still left a lot of landscaping work, but my wife and I tackled that over the next 3-4 weeks in addition to the furnishing.

Your first Multi with those savings and income are going to be a learning experience  (In a good way) However do not go in with a massive cashflow expectation.Some Realtors/Sellers might sell you on unrealistic potential high rents and will be adjusted to the selling price....so do your own research.Are you planning on living there as well?

Track record, unless it goes back 30 years, is pretty meaningless to me in today's climate. 

As the market changes, I'll have to adjust my offer accordingly.

On the other property seller adjusted sale price.