At the end of the day, the bank's main goal is to offload that mortgage to a third party, either Fannie/Freddie or some other party.

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

That limit would make it really hard to build a real estate income I could use as I eventually transition out of the corporate world which is My ultimate my goal.

I also seek to add value to investors by enabling them to find and invest in great cash flow properties, while maximizing their time, as well as their profitable revenue.By joining BiggerPockets, my goal is to establish a network of professionals who can aid in my growth within the real estate realm, while also finding ways that I am able to add value to those within BiggerPockets' network who may have a need for any opportunity that I may have available. 

I do have a real estate license that I don't really actively use.My real estate goal is being able to provide  legacy for my family.

My end goal is to have a large portfolio of buy and hold rentals for a nice passive income.

Its a one size fits all letter. 

My ultimate goal is to develop a passive income and become financially independent so I have more time doing important things like...saving the world and searching for long lost treasures and civilizations.  

Way cheaper. actual repairs cost: $100inspection program bureaucracy costed me : $1200+ (including retro-fit window permits)

The plumbing seems to have been repaired in a handful of places (drywall was removed, and new copper fittings are in place).