Reason I ask is the market rents are way higher in the area and the asking price does work with currents. 

Thanks, I’m planning on digging into my paperwork tonight.We’re thinking conservatively save 1/3 of the income as additional insurance against foreclosure.

Here is some additional information to ensure success:First, tenant screening is critical, focus on creditworthiness, rental history, and stable income.

It’s all about marketing. anyway.  

Unless you're buying under market value or with all/mostly cash, it can be tough to be cash flow positive on a rental property here, and extremely unlikely to find any that meet the 1% rule as a LTR.

What others have said but additionally, pretty sure meals are only deductible at 50%.

i suspect this will vary by market ….  

The market is pretty confident the Fed is going to lower rates at least .75% before 2024 ends, which will spill over into mortgage rates.Side note: Your closing costs seem crazy high for a refi. 

We have 3 months left of 2024 which means now that the rates have spiked down hundreds of thousands of people will come to the market with an offer.A large number of new home buyers and investors means multiple bids and offers plus more coming in over asking price.

It's just that in this market deals are few and far between and I don't know when or even if I could find another deal soon.