My general rule of thumb is that if you have to ask if you should or should not be doing something, then you probably shouldn't.During my 30+ years in corporate life, one of the things they drilled into us is this: before you say something or write anything in a memo, imagine how it would sound in a deposition.

Given the recent speech from the Fed Reserve Chair, one would argue that this could change the buying power of most first time home buyers.

Yes, should work fine.Please keep in mind that this is just a single metric regarding leverage (there are other interesting ones such as DSCR, which is basically the same thing except it incorporate all payments to debt service including principal in denominator) and don't forget to do your homework on liquidity and cash reserves.Cheers!

I'm a resident of Virginia but considering to incorporate in Delaware. 

I can email you an APOD/proforma spreadsheet that I use that incorporates CapEx, and all other expenses including property management and vacancy etc., debt service, and tax deductions, and gives you the COCR, cap rate (which I know isn't supposed to apply to duplexes but I like to know it for comparison's sake), and net annual income, along with projected appreciation value at different rates over time.Right now, I personally like to see at least 12% COC and a cap rate over 7, after rehab.  

It's the Chicago way, like when they put chairs when it snows. 

I would need to incorporate.

We are on SpareFoot.com and have incorporated more internet ads. 

This is a legal question and I can't say for certain about CA (if that's where you're incorporated).

The rehabber is incorporated locally near the location of the properties.