I'd really appreciate experienced investors to take a look at my work and let me know if my assumptions are sound or if I'm completely off base.

Another bank may also reduce the LTV based on how many loans you have outstanding.Example too; Joplin, Mo. had a tornado that took out all but one investor's properties, it took months and into the next year for insurance to pay off.

I do this on a regular bases.

Giving my financials a quick overview, he stated that he was not sure I could get pre-approved based on my income alone that I would have to include the rental income on both properties.  

I am a real estate broker in Windsor CT but have another brokerage based in Fairfield County with agents and an associate broker.

Based in Charlotte.

@Nicholas MischThe ARM product was developed by bankers to induce folks to get a low introductory rate that they could get approved for based on their income and debt levels because of the lower payment terms.  

A seller financed (SF) note is not the same as a purchase money mortgage, it is funded by equity based on an agreed sale price, this makes it an installment loan and a different animal than a cash funded note.Institutional notes have a due on sale clause, an SF note should have if it is common for your jurisdiction but it may not have.

Am I on base with my recommendation?

I realize that everyone is going to have different input and advice based off of their experiences, but I'm looking for assistance as to whether something I'm including is a definite NO NO, or if something should be added in for increased impact.