Based on your refi loan amount, estimated taxes, and insurance I'm showing a PITI payment of 845.83 per month.

(https://learn.lofty.ai/en/articles/7025226-sell-equity-in-yo...)I understand I can also sell and do a 1031 - I've successfully done that once, and failed a second time (could not win an offer and ran out of time - had to pay a ton of capital gains tax). 

Conversely you are assuming the risk of maintenance, cap ex expenditures, and rising costs like insurance, taxes etc.

.: @James Hamlingthanks, great point about taxes and other costs going up and offsetting a slight decline in rates. 

All,Based on your experience, would you say, that the real estate tax for a vacant land should be correlated with its usable part? 

Their current income is in Germany but they file taxes in the US and hold US citizenship.

Locally here there is more of a lending appetite for build to rent housing than build for sale "spec" housing.

I'm considering purchasing a residential lot in the DFW area to build a house.

Also know that if you hold your property for less than a year, it's regular income taxes on your profits.  

Hi Christopher,These calculations are pretty standard on 1-4 Unit properties..Income/(Mortgage+Taxes+Insurance+HOA) = DSCR RatioHowever on commercial properties some lender may take into account vacancy, upkeep and other costs.