Check your assumptions.

@Derrick Craig I was just curious if I was paying too much or if any of the assumptions were unreasonable.

If he is in GA, it is a fair assumption the ONLY Seed Capital registered in his state is who he is talking about.

Also, what are your vacancy and capital expenditure assumptions going forward? 

@Brent Marlis Not a good assumption about the balance.  

My assumption is that the due on sale clause will not be enforced because of my strong payment history.  

Without getting into the specifics of your plan I'll make things a bit less daunting for you by noting that it would take 16+ rentals at 1k/month to get to 200k based on the assumptions you were making.

Hey guys,I'm shopping around for mortgage rates for my first property and I was just wondering if there is any kind of unspoken rule or assumption about this process.

This assumptions means that wholesalers need to be buying recoverable properties pretty cheap (obviously, less than $10k). 

Making some Assumptions on expenses we came up w/ a CoC of 6.17% w/ 25% down, $232/month.