Loan limits can increase by a factor of 3-5 in many of these cases, but this comes with a major tradeoff of 3-5 percent "compensating balances" (read more collateral via covenants or less money loaned in effect)Item 2 is desirable from the perspective of reducing brain damage and consolidating relationships.  

The REHAB number doesn't include "lost rent" and some other items like that.  

You do not deduct loan payoff amounts, loan payoff costs/fees/charges, and you do not deduct any operating items like prorated property taxes, prorated rents, HOA fees, etc. 

Those are the items that will kill you in this business if not taken care of up front, especially on a single family. 

@Dane Fossee ,  I agree with @Ben Leybovich - the two items that standout for me is the insurance being high, and the management being low - a good figure is 10%.  

In real estate, you have to know what every line item is or should be, otherwise you risk jumping at a "great deal" that is anything but.

You can also consider these repair items as part of the basis if you sell the home down the road. 

It is so difficult to predict all of those items.  

Once the build and/or remodel is completed, most policies predicate that you have 30-60 days to obtain regular insurance for the premises based on what type of occupancy it is; ie, if you are moving into the property, then you would get an HO (Homeowners policy), if it's a rental, then you would obtain Landlord policy or a Dwelling Policy to actually cover the building (since you own it, but not the contents, since presumably, the tenants should obtain renter's insurance to cover their items).

One item I'm running into is lots of calls, but little to no motivation.