Include not only the mortgage payment but also taxes, insurance, property management fees (if applicable), maintenance costs, vacancy allowance, and any planned capital improvements.

Though we cannot assist with owner-occupied, DSCR loans are typically going to be 1.5-2% origination + $1500-$2500 in underwriting/admin/legal fees. 

I have my eye on a property already (4 beds, 2 baths) 10 minutes from the beach.Thank you in advance for all recommendations.

On my credit report was an apartment complex where I broke the lease but paid all early term fees.

I assume I would lose the fee I would pay the intermediary if I do not complete the 1031.

It depends on your cost per acre however in my area you get very little return on the income from the farming lease as the cost per acre is so high relative to what the going rate for a farming lease is.

How much more rent per month are that worth to a long term renter or midterm renter? 

I have not been through an 08' situation, but I can say in confidence you want $10-15k in reserves PER door if you want survive an economic downfall.

The worst part is that the PE guys probably lost all the LP capital (if they are big enough this is pensioners and teachers funds) but generated big fees from acquisition and management.All we can do is wait for them to be exposed and make the headlines about them ourselves, before the media does.

If i could chime in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.