Plus the acquisition cost per unit is usually lower, the more units you buy at once.It's tough to talk in generalities though because I find prices in student areas are often inflated on the assumption that the landlord will definitely be renting to students by the room.

DIL has to be initiated by the borrower after default, not the lender beforehand.Proper DIL file requires supporting paperwork -- request from borrower, written agreement, title search, assignment/assumption/etc, release, etc.

What she means to say is that this is not a real property and only some worst case assumptions plugged into a calculator after reviewing basic market information from our company. 

Meaning, you would close in the assumption the same day you close on owning the home. 

They can make assumptions but can not hold something against you that you did not tell them.

Total assumption here.But I know a few realtors who invest - one guy (he was a dual agent in a duplex I bought) told me he was getting out of landlording; perhaps Brandon Turner has it right - most people aren't cut out for being a landlord and that includes a large amount of realtors. 

Real estate is nothing but assumptions, literally starts with our assumptions in pro-forma's.We tell landlords all the time that there is a property manager for the services you want and cost you're willing to pay. 

Also bump your assumptions against that in any decision. 

My assumption is the tenant will mow their own lawn.

Lastly, your over time assumptions aren't realistic - 0% growth in expenses but 3% growth in revenues seems unlikely.