Hi Brian,What was the going in cap rate for this property?

Put some easy fluff in there like amortization schedules, projected appreciation, etc, but also put in real info like cap rates, maintenance and repair estimates, etc.

My dream scenario is to rent for 25ish years, reno it, live in it as empty nesters for 2+ years, then sell without cap gains (up to $500k or the then applicable amount).As a side note, I would keep the rental in my wife's name to keep the excellent interest rate.

Seriously, no one looks at a girl and think "damn she's an easy 10.....CAP.

Close the cap and lid.For a week keep putting adult dog kibble in the tail pipe.  

But I want to set money back for ST cap gains tax, pay back our personal finances for expenses covered out of that, etc.I guess the short question is: What all costs get taken out to determine if you have a profit or left money in the deal?

This is also why many people cap out at one or two properties.Due diligence with your own investments, systematizing it, and treating it like a business will help you scale much more efficiently

You may want to buy 12% cap rate mobile homes in OKC, you may want to flip land in Massachusetts, you may want to wholesale in NJ, you may want to move to Florida and house-hack a 4 unit. 

My wife and I also understood the fact that we were putting our primary residence at risk and made sure the deal could pay the mortgage, HELOC, vacancy, cap ex, maintenance, etc, and still cash flow positive.

Ask your lender if it is adjusts to the current market rate or if there are adjustment caps (meaning it can only adjust by a limited percentage per adjustment period).