Knock $50 bucks from the rental income on your analysis because of the small yard and if it still works well, then go for it. 

Account Closed I work from spreadsheets a lot so that my calculations can be changed to reflect different scenarios and I can actually "see" the numbers work/not work.Here is something "very" crude that I just put together knowing what typical numbers go into analysis and what you provided. 

The number one thing that can help you avoid the mistakes is the analysis and evaluation.  

or should this have no impact in the analysis from the bank as I am buying the property using an LLC?

My analysis is below.  

Have you done some analysis of the area?...

The trouble you're going to find is most of the analysis you'll see is done by Stock Market people that don't understand the compounding effect of REI, and the difference between using your seed money and spending it.In the Stock Market, you spend it and that's it, in REI you can reuse those same funds to infinity, thus the exponential return that you can't get with stocks.

Hi Nicholas,If you cant wait until next year, you can get a stated income loan where no DTI (debt-to-income) analysis will be required.

When I say 15% COC that's using the rental analysis spreadsheet and their metrics....my true COC is 25%.

I know other factors, like the location, UPB, and such can also factor in the decision, so this is for general analysis & advice.For UPB, how much of the percentage should I be looking at?