Well I think the good news is the refi from the deal itself is going to take its rental income into account for the DTI calculation, while DTI from the initial HELOC will not. 

Your propsoed $210 buy price for investor is 87.5% of the alleged value of $240k10% may be a decent amount of equity for a newbie investor that doesn't know any better.Also, you may want to run your offering through one of the BiggerPockets rental calculators to determing ROI, Cash-on-Cas, etc. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

I ran the numbers using the rental property calculator and found what numbers I would need to make everything work. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello All,I am a newbie trying to learn more about the BRRRR method and applying the principles towards a real project.

I’ve got a spreadsheet I can send your way if you’d like, or use the BP calculators. 

He will usually talk about how to analyze a deal using the calculators on this website.

We can help calculate rent on most properties for you.  

@Blake Wofford, You need to calculate ALL of your monthly costs. 1.

@Dhwani Shah You should probably break down the calculation and list out the expenses you factored.