I am hoping to use a local credit union to get a better rate + pament terms.for capex/vacancy etc. what %tage of my monthly rent should I take into account?

At your income rate your rental income could be tax free but not deductible against your regular income. 

.), income, cashflow, debt, DTI, equity, property appreciation, rent appreciation, mortgage paydown & amortization, rate of net worth growth, cost of living increases, hours worked per week, cash on hand, etc, etc. 

So this may result in a higher interest rate. 

Rates are usually better with LLCs, and given the liability protection, LLCs are probably a better choice.

Given these reasons, I'm assuming all improvements and spending should be deductible at the pro-rated amount. 

Unfortunately, I can't recommend it to anyone.Longer review:Stessa is heavily advertised here on BP.

I am also wondering about vacancy rates in general in the Memphis area.

I could put a mortgage on the property, I was quoted 60% LTV with 8% rate amortized over 15 years.

Hey @Yelena Korshak, well I am not an expert on AirBNB's way of ranking and rating.