Purchased land with $120K down, $50K land loan.

I try to copy the type of structure thats working (changing the elevation) and use those as comps when I go to use a DSCR loan on the back end to pull money backend.Knowing what strategy you are going for would help me direct in a more accurate way.

Federal guidelines do not allow loans like this to be refinanced sooner than 90 days I'm told.

Set this up by doing the math and getting the right loan so that your place nearly breaks even after a capital expenditure account is paid (for those big ticket items). 

If you have a loan, you may wish to look into due-on-transfer clauses.

Look for opportunities where you can add value through renovations or strategic improvements.

But for illustration purposes since this is a fresh transactional matter on my plate: The reimbursable lender legal fees for an $8.5M loan transaction I was recently apart of (as a buyer, not fees I charged) were less than $15,000.00.

New custodial retirement account buys real estate via pay cash or non recourse loan    4. 

The best way to be certain of market rents is to work with an experienced local property manager and have them go through your property and give you the market rents and what/if anything you could do to improve the property and rents.Short of that, look at similar rentals to yours that are listed and use a comparative market analysis method to determine market rents.Really recommend working with a local property manager for making your ownership experience as passive as possible, for compliance issues related to renting, and to help you scale to more properties leveraging the property manager's time and experience.To Your Success!

Our strategy is to improve the property and raise rents above the HUD rate.