I want to get into buy and hold for now to raise enough capital to get into flipping.

When the stress test was performed gray water came out of the Cleanout.    

It's called the self-sufficiency test.

It's super easy to become a realtor and you get to call yourself one after just taking a test.

This was a suburban area in GA.Another item if you pay utility is watching out for water usage increases even with no leaks from the city or county raising the water & sewer per gallon usage rates.

So is this correct, that since you agreed to a balloon payment after 8 years you're planning on having 25% equity in the property via raised rents and principal pay-down after 7 years, and then you'll be able to re-finance with a traditional bank owned mortgage at 75% LTV?

If you are going to raise them to market, you'll want to account for market vacancy rates.

I was born and raised in Minnesota; currently I live in Big lake. 

Point being, you're right to make sure the numbers pass the smell test.  

The current tenants are on a month to month lease and I'm planning to raise the rent $300-$400.