My husband and I are comparing possibilities where we live (Nashville, TN) to where we grew up in Indiana.

If you are reporting this Income in the tax return, they would compare your financial with the tax return. 

I will keep that in mind when comparing the rates.

The lender doesn't want to see a dramatic drop off of overtime in the last 12 months compared to the previous 12 month period.

For the area I am in, I spoke with my realtor and are confident that the studio would rent for $900-$1100, and if I were to rent the actual house (in a year or so) comparable show it'd rent for $1800-$2000. 

15K is not a renovation, so, you need to make sure that you're comparing like to like

Not to mention the headache of dealing with government paperwork and employees.You may also have trouble getting an offer accepted vs. a comparable offer with a standard commercial loan. 

Before I found BP I actually came across the MREM website and was really impressed with it compared to most real estate websites/technology.

Financing the entire investment (through very creative means, which took me MUCH longer to figure out compared to finding this deal) seems like a no-brainer to me, but I'm scared I got something wrong in the math and this is not as good of a deal as I believe it to be.I'm a newbie, I quit my job in the Oil & Gas industry, enrolled in real estate school, completed it in 3.5 weeks and I take my test 9/4/18.

Another issue we are having is that there is nothing to compare this facility with.