I don't bother anymore with parents as a co-signer.I am not concerned about private vs public.

@Chris Schroeder, I would second what @Jeremy Hart said and get it in writing (I bet they won't do it) if you are really concerned about the DoS clause because realistically these loans get sold all the time.

I know people use all kinds of methods and formulas and all kinds of acronyms to try to figure out if you're getting a good deal! 

Yes, it could of been much worse.However, my main concern, is making sure the tenants are smart enough to not to do it again. 

When we bring in a subcontractor such as a plumber then we use the same method you use.

In contract for a duplex which is one of our first deals. It currently has tenants, one month to month other on a lease.This is in upstate NY and the city requires a certificate of occupancy (with an inspection from t...

Before we got prequalified I had a long conversation with our lender about our plan, which is basically to follow the BRRRR method.

My main concern right now is being inexperienced and jumping into a market like Dallas which is very very hot right now.

We responded and stated that upon inspection, if the property was in clean order, i would release half of it the next day; i explained that the back tenant is not communicating with me and will not let me enter the granny flat so I'm concerned i may need the deposit to evict her. 

If the property will yield immediate positive cash flow the day the renter moves in should be your biggest concern .