@Amy Arata Here is a link to Rock Wool's DIY video outlining a good soundproofing system.

You'll find, in your master plan that you've outlined above, that an experienced and knowledgeable mortgage professional is an essential ingredient to your success.  

Right now I have no idea of the conversions on cold calling but the goal I was just outlining would be 2000 calls per month.

Is the combined rent of your household 3x the monthly rent**Also be sure to outline your application process as well. 

I have found a few videos on YouTube that outline how to use listsource and blockshopper.com as tools to find which areas cash buyers are buying in.

Our owner statements are very easy to read rent in and all bills out line by line, but when you don't look at your in's and out's every month, you don't get the big picture.  

Keeping the house (#'s I outlined above or in previous post in more details)300k mortgage, 210k value, 600$ out of pocket a month after rent collection even with 3% rent increase over the next 2 years and a 10% increase in value I'm still in a big hole; and I project 30 - 50k in repairs over the next 5 - 10 years. 2.

I'd calculate the interest at $9800 but yes, it could be structured like you outline.

We are sticking to the financial rules for buy and hold outlined here on BP and other places. 

This may sound a bit funny, but I had no idea permits were required for the type of work outlined above.Thanks again, everyone.