Cash out: $55,000All money out plus roughly $3,500 in pocket.... principal and interest $767/monthCash flow estimated at roughly: $200/monthMy plan would be to refi around year 4 or so before the adjustable rate kicks in.

With those kinds of rents ($5,800 between the 2), even with a 9% cap rate, in my opinion those properties should collectively appraise for nearly $500k.

This last PM, specific for investors and with a comparable rate sheet, placed a tenant that had over 5 evictions in my rental when he said he had cleared her for credit and past evictions.

Assuming the loan would likely be best from a cost/fees (and likely interest rate perspective). 

You might’ve rate-shopped a bit early, but it’s not a deal-breaker.

That is just a flat out lie, no lender would have any issue with a GP contributing more capital to a property.4) Stop highlighting positive financial leverage on your new investment opportunities when all you’re doing is paying massive fees upfront to buy down the rate.

We cap the rate for utilities and actually added about 10% above our normal average this past year due to rising utility costs in our area for gas and propane.  

Say Income tax rate is 25%. 

That rate does not sound out of line for an STR.

Some guys I work with were getting 90% advance rates in Houston, but I think the banks are back to 70-80% now.