Or, even more important, projected IRR (but that's out of scope for this convo).In this case, the Free Cash Flow -- that is, real, actual monthly cash you can reasonably count on having at the end of the year after paying and reserving for everything -- is about $500/m. 

I had a situation last year when a conventional lender didn't want to count the income from my rental because the person on the lease had the same last name as me, not to mention I didn't take a deposit because it was a relative.

You get to immediately count the rents from the other units, which should help your debt ratio.

Don't count on it.

This obviously does not count market appreciation, which is a bump to the return rates noted.

To get a second FHA loan you must prove that your family has outgrown your original house and you can only count rental income from the first property if you have more than 25% equity.

Even if you choose to self manage, you’re very smart for continuing to count it. 

Also I'm not counting on the local banks financing for 0 down, but it won't hurt to ask. 

Does anyone here know where to find traffic count data on TXdot?

Do not count on the future unless you are convinced.