6.2% in "loan costs" and a 9.875% rate?

Great job and population growth, very low crime rate, super low property taxes, very land lord friendly and the list just goes on!

Also with where the rates are these days, interest-only really doesn’t save you much monthly unless you have a very large loan amount.

Even though the rate is good is the property right for your investment strategy and portfolio to move you closer to your goal?  

You could grab something in the midwest, but that's a rough tenant pool and properties don't appreciate at the same rate as they do in the west. 

According to my calculations, using Brooklyn's property tax rate of 0.78%, the tax should be around $354 per month based on taxable value of the property, not the $716 estimated by the agent.

If business, ordinary rates + self-employment tax.

Since your owner occupied, lending is better.If you find a 5% interest rate, please let me know, I want in on that! 

The properties all cash flow nicely and current interest rates range from 4.25-5.25%.

Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)