Do this on a down year where values have dropped for whatever reason (we might be in that environment right now given interest rates).4.

The only downside I see is that Dayton City Schools is not rated well as a school district. 

I'm withholding a pro rated rent amount for the time the property was held and an admin fee for getting her set up with all the documents and managment software.

Midlothian, Va vs Toano, Va.Property:Midlothian New Construction Stanley Martin 2 over 2 style:  3/2.5ba 1579sq priced at $410KSeller incentives : 5.5% fixed rate for a 30 years.  

I guess you would call me an "accidental landlord" as I was able to take advantage of our interest rate on our first home.

If so what would the rates be?

I feel that a new investor doing a BRRRR is too risky and does not have a high success rate.

@Stephen Scott I may not have been able to help with a true vacancy rate but if there is anything I can being local to Carbondale let me know.

(the same loan you likely used to buy the now rental and your current primary) There is no reason no to use a conventional loan if you qualify because the rate AND terms will be better with a conventional loan then a DSCR. 

This is further confirmation of that, because MM never even adjusted my rates in the first place and now it's impossible to turn off.