@Vish Rav Anyone decisively telling you what rates are going to do at any given point in the future is also probably has some hot penny stock tips for you. 

Then I went over the entire basement with 2 coats of Drylok.

The other focus would just be to find a place that didn't have major cap ex expenses right up front.I don't think I'd necessarily be laser-focused on refinancing every penny out of my first deal. 

Have you ever heard the sayings:"penny wise, pound(dollar) foolish""cutting off your nose to spite your face""A bird in the hand is worth two in the bush.""

Stop penny pinching and include it in the rent.

Might be a coincidence, but 2.125 is exactly (to the penny) the adjustment that would be incurred if it was originated as owner occupied, and the underwriter had reason to believe it was actually a rental property. 

I m planing to join army and save every penny that I can since I am young I basically have no expenses also the army will cover most of my expenses and I am really good at saving money.

(what most people who complain about don't realize is that the city has a relativley low sales tax - which is barly noticable because it's just pennies on every purchase you make, however it benefits the residents more so than a property owner; I would call that poor tax marketing - would be a smart political move to flip that).

If you find a good Contractor, hold on to them tight b/c they are worth every penny.

I go for the property if I want it my time is worth more than trying to penny pinch.