Nonetheless, thanks for the link and bumping me in clarifying further what I missed out on my initial "why".

Great job growing quickly with super low cost properties.Just don’t forget that there will be bumps along the way, especially when dealing with lower income housing. 

@John Lee It starts at 63% then bumps to 100% after you do a certain amount of business (resetting annually), depending on the location.

This allows to renovate a property or bump up the rent and add value and potentially use Cash Out/Refi strategy down the road.

It’ll bump it up to the top of the app searches.

Bump! 

Im not sure. 4) i would bump vacancy up to atleast 5 if not 6%5) This one is way more important that most of the rest but i just thought of it, how are utilities metered?

And even if John runs into a bump in the road, he has a $10K cushion to help him through it.BONUS: John could repay the loan, using the rent from the two rentals only, $2000/month, and have the $100K loan paid off in roughly 5 years. 

Rarely is that rate bump worth that LTV bump IMO. 60% LTV is actually the Fannie sweet spot, if stopping there will not get in the way of accomplishing your goals.

bumped the vacancy to 8% and the rent to 700 per unit.