Interest rates and cap rates change, competition changes, your PM ends up being horrible, lots of variables.Just to throw you a monkey wrench, in your killer spreadsheet does it include the credit score, income, and employer of every resident? 

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

A lot of people (myself included) use multiple baselane accounts and sub-accounts to keep things as clear as possible relative to each property.

I'm wondering how much specifics I need to include for each line item. 

Of course your other debts including student loans go into the mix to come up with your total debt to income but the income needed  is a lot smaller then a lot of borrowers in your situation tend to  think.  

My team and I are also out-of-state investors, including a managing partner who was born and raised in Toronto.We’ve been investing in Cleveland for a little over a year now and currently own 22 units in the area.

Of course - having a w-2 job will never prevent you from setting up an IRA including a self-directed IRA.If yes, how can I fund it?

If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.  

Most, if not all screening tools do not include a comprehensive rental screening with a renters prior rental rating like Mayistay.