Sounds like a good deal.  

I am hoping that this, combined with the expected rate cuts, will make it easier to find good LTRs next year.

The marginal rate is computed on all income except capital gains & depreciation recapture, whereas I was computing it on the full, combined amount.Thus, for good reason nothing is being taxed on the Schedule D Tax Worksheet above my 24% marginal rate.

Think, wouldn't a "bad" jobs/economic read be a GOOD thing?     

My kitchen is in pretty good condition, but has telecom ter top.

Some DSCR loans can lend to intervivos trusts, so that could be a good option if you want to qualify for the loan based on the property's income.

@Joshua Kotani come join us at the next meetup and meet all the investors you need to become successful.OC Real Estate Investor Networking - Tax Tricks Every Investor Should Know (biggerpockets.com)Good Investing..

Its very hard to take a 100K property and get it in good working order for 15K using reliable contractors.   

Good evening, I will be in Indy Aug 1&2 for a business event.

Hello,I have been reading through the Bigger Pockets Forums to hunt for your good and bad experiences with DSCR Lenders.