But I remind myelf it is the thought that counts and they are planning on buying, which has to be good for the local housing market.

I think I owe about 75k on it now as I refi'd it into a conventional loan and pulled a couple grand out as well (even though you can't do cash out refi's for conventional when you go over 4, if you stay under 2 or 3k, they'll let you do it and still count it as a rate/term refi, so I did).The thing makes me about $500 a month gross profit (taxes are pretty high). 

ONLY CASH.Cash in      = % = CoCR...but you only count the cash in and out for the first year.Cash out

My wife has saved me more times than I can count.

@Michael Thomasson I'm invested in Corpus; cash flow is great there but never "count on appreciation to do most of the work", especially not in Corpus (appreciation there is very low) and during a bull market. 

I like Newburgh for cash flow, I am buying there because I'm counting on appreciation.

Some owners count capex as repairs.  

Count me in if it ever gets setup...

One thing to ask a bank if get more conventional loans in your name is do they count the income of the rentals or do they have a 2yr seasoning period before they will count the income.

They are not Counting on me selling the property.