.: $11880Marketing/Promotion: $1000Total Expenses: $35934 NOI: $35346Debt Payment (P&I): $2227/mo or $26724 annual(based on $450k purchase 25% down and 20 year am at 5%)Cap Rate: ~7.9%Cash on Cash: ~29% (based on 25% down and 20 year at 5% and $7k closing costs)DSCR: 1.32x1% Rule: 1.76%GRM: 6.31 (using AFTER vacancy Gross Rent)Debt Yield: 10.47% (based on 25% down $450k purchase price)Wondered what other items I should be asking the seller for in order to evaluate properly?

I also do the pro-rata allocation like others for general items not attributed to one property.

@Alex Agafonov@Jon HoldmanJon is right repairs or improvements done prior to the rental entering "service," is added to basis however interest and incidentals like property tax can be itemized on your personal schedule A.

I just don't use a realtor :)I can't provide my "exact" lease put i put together a list of all the "items" i put in my lease.

By removing these items from my DTI i will be down to (2000-720-250) = 1030 out of 3000 (45% of income).

That is the part of representing investors that most traditional agents do not want to or feel they do not have to deal with.With that said, no one likes to feel like their time is being wasted. 

And just to expend the topic - what are yours line items for a yearly maintenance on your SFR rentals ?

The Raleigh market is not cheap - unless you are willing to go into seriously sketchy parts of town (definitely not recommended, especially not for a newbe).Once you have an idea as to how much you can borrow "the traditional way", you can decide to move forward or whether to explore other options (@Brandon Turner  wrote the book on those).

The banker/investor wants a few items before loaning me the funds.She wants a mortgage file of record ; to hold 1st lien position ; and wants a promissory note. 

Some details:Purchase: $45,000Rehab: $40,000 (This includes 15% unexpected cost)ARV: $150,000Annual Taxes: $4,000Rehab is scheduled to be 8 weeks, which includes kitchen, bathroom, add powder room, build deck, finish basement, refinish floors, paint, landscaping and a few other items.