I recommend you do this each year to adjust for utility increases and other variables.

(seems arbitrary and stupid)2)My primary income is ~60k salary income but I have contractor based income that amounts to about another $4000 a month(I understand that I can't count this per se as its variable and less than 2 years for the contractor income) 3)I have medical school loans that are currently in deferment, I am on the 10 year IBR so my loan balance will be forgiven tax free in 6 more years.

High variable rate?

Hello, My husband and I are about to make our first rental purchase (which seems like a good deal) but when I run the rental calculator I run into a big problem in terms of variable expenses.

The kitchen and downstairs floors are in good shape.Obviously, with selling there are a lot more variables to consider.

I’m 19 years old, based out of the Tampa, Florida which currently has a very crazy market due to inflation and numerous other variables.

@Johnny Constantino there are so many variables to your question that have to do with what type of property, and your goals for the property, lender etc… 3-5% is typical for closing costs, plus 25-40% down depending on the cash flow of the property. 

Also, the rate is variable.  

Negatives include the potential for a variable rate.

Lots of variables.