My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price). 

There are financing options based on your specific circumstances. 

I have a 780 credit score and no debt besides my personal residence.

Good evening,Just saw Cleveland, Ohio has relatively inexpensive houses which has the potential to cashflow. I'm looking to investigate this market a little further and wondering if anyone can help me out. I would lik...

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

More properties but more debt. 

Nightly rates and estimated revenue based on all the other units in the area?

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

Your content will be based on your experience--that is what adds value to the reader, and you don't have experience yet.Instead, focus on building a track record. 

I would only underwrite based on actual rents not proforma.