So if you are looking to have a steady fixed payment every month, this would not be a great option. 

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Funding: my plan is to shop around hard money lenders for purchase and rehab for best rates/fees/down payment.

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.

The amount of time you will waste trying to dance around the issues will be legenday and shall I say, "insisting on being right (or insulted) when you don't know the answer can be costly".I was planning on getting a CPA, but not knowing the right questions to ask of someone who I don't exactly trust yet (as a new customer) isn't the best way to go about things.

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.

Plus they’re going to sell the loan before you ever make your first payment, or at least DR Horton did. 

------Each client started with a 5% down payment, was in the early 30s, and didn't make a six figure income.

My monthly payment is coming to about $5,000.

I have saved enough for a down payment for a house and have a steady income coming in.