Regularly track and analyze the results to refine your campaign strategy.Remember, each market and situation can vary, so it's crucial to adapt and iterate based on your own experiences. 

I try to make it.@Eric

Thanks Kevin for a great post, as someone that is just starting out on this exciting path, it was very helpful and it once again re-iterates the advice I'm getting in J Scott's book as well. 

It is impractical to think you will understand all of the risks and iterations that come with the many loan attributes.

As for the second iteration, sure, if you need the money to live.

But at each iteration, you'll be learning a lot of what you'll need to know.I started making my plan a year to 18 months before we bought our first property.

Find a strategy, implement, iterate.

I am also talking to a bank in the northeast for my Philly,Chicago, and NY operations and they mentioned a debt coverage ratio, but I think it was 1.2 which seemed much more manageable.Appreciate it!Eric

Been doing a lot of in person meet ups over coffee to re-establish connections and re-iterate my objectives.

I've read several iterations of 'How to Calculate NOI' here on Bigger Pockets and most all indicate we should not include capital improvements or additions, principal and interest, amortization loan points, income taxes and depreciation into the calculation. ... and I agree (mostly); however, shouldn't Principal and Interest be accounted for because A.) principal payments are not expense-able and considered income in the eyes of the IRS since principal is not an expense and B.) interest is a true expense in the eyes of the IRS?