(I assume I can get 4% guaranteed from the bank so that covers 2 years of lost interest income.)Personally.

Set It Up Like a BusinessEven if it’s one property, treat it like a real business from Day 1:Use a separate bank accountTrack every dollar spent on cleaning, supplies, maintenance, and furnishingsDocument your and your wife’s work hours, this supports tax treatment and helps determine when to outsourceAn LLC is optional at this stage but worth considering as you scale2.

Its been almost 2 weeks and I still dont have my rent payments, they are just sitting somewhere other than my bank account and the support has been horrible.

this is very common in the new world of RE brokerage. there are agents that are listing specialist and those that are buyer specialist.. especially a few years ago when listings were money in the bank.. take the listing put it on MLS and duck. 

Its been almost 2 weeks and I still dont have my rent payments, they are just sitting somewhere other than my bank account and the support has been horrible.

in my personal experience, my credit union has been extremely valuable, as they offer better loan terms and better programs than a conventional bank.

. • DSCR: Banks don’t look at DSCR on FHA, but running it yourself (NOI ÷ debt service) is a great habit.

The exception would be a 401k loan since you are acting as the bank for yourself. 

I usually start with 75-80% leverage because that is what my bank will allow and once my leverage is down to around 50%property due to improvements or market appreciation and/or loan pay down, I use it as collateral or cash-out refi to buy additional properties or I sell it to buy something bigger because I am focused on growing my business by expanding my portfolio.

Eviction notices are like magical pieces of paper that make money appear in my bank account within a few days of the tenant getting them