Once the debt is cleared, how will your cashflow equal the rent (both = $1195)? 

Just with everything in the world not all mgmt companies are created equal (unfortunately).

I did heloc, bought the next property and then paid off heloc when refinancingIt all equaled out in the end so not sure if I should’ve just started off with the refi, but the line of credit was nice because I didn’t know the exact amount I would need at the time Either way it worked out best of luck !

My go to guy for lending, Drew Walls , and his company at Millenium Home Mortgage were absolutely vital in this deal.

Ideally, your verbal commitments are equal to 150% of the amount of capital you need to raise.Fear is good!

Would it be acceptable to state in the policy that when a group of renters attempts to rent the house (i.e. college students, girlfriend, boyfriend, and a sister, or whatever) all possible combinations of 2 people must make enough money to equal 3 times the rent? 

More properties equals more unrealized capital gain and more cash flow which is the reason for investing in real estate in the first place. 

I set up my CoCR equation equal to 10% and then I solve the equation for Acquisition Cost.If my calculated Acquisition Cost is greater than or equal to whatever price the wholesaler is asking, there might be a deal here for me.If my calculated Acquisition Cost is less than the price the wholesaler is asking, there probably isn't a deal for me here.To be clear, I use CoCR to determine my Acquisition Cost for all the buy-and-hold properties I analyze.

I find that what you get out of BP is about equal to what you put in.

I’ve decided all things equal I’d rather own a more expensive property (200-400k) with educated professionals making 40 - 60k+/year, good credit, etc. renting a room in my investment property for $800-1000/mo.