3) I'd go with Vacancy of 8.33% as this will mean you save up one month of rent every 12 months, 4) 3% repairs seems low, if it were me I'd at least bump it up to 5%, and 5) even though you plan to live there and self-manage there may come a day where you want/need to outsource management of your properties so it's usually a good idea to budget for management costs like @Doug Shapiro was saying.

Hello Ive flipped houses for a few years and have saved up $250+k and am looking into taking my business more in the direction of the passive income strategy.

There are plenty of people that do a couple flips, eat the taxes, so that they can build up their saving for a larger down payment later.

@Anna BuffkinGeez I would have just set poison out in secluded areas that they hide in and saved all that time and trouble .

I have consistent income for the past 2.5 years, money saved, as well assets such as an investment account which I hope can look convincing to a bank.

I know this may sound like me being lazy, but isn't the point of the calculator to save the time required to manually add numbers?

The biggest thing you will probably need to make sure you do correctly is to save the property from reassessment for property taxes under Proposition 58. 

That said, if the borrower is managing multiple projects, they may prefer to keep more of their current reserves to use on other projects rather than saving a few thousand dollars in the long run by paying upfront points.

You could bump them to $1,800 which saves them $2,400 a year and costs you $2,400 a year.

But you save huge money.