If her income is over the cap, then a SFD with 5% down.Also (if I was coaching you), you should have used FHA before VA. 

Because housing is higher priced and rates have risen, your underwriting should be more conservative.  1) Use 10% Cap Ex, 10% Vacancy, 10% Management and see if it still cashflows. 2) Check HOA's fees and dues, as well as HOA regulation. 

definitely should at least be prepared for a large cap expense related to the sewer lines.  

There is a cap on licenses. 

Basically all of them ban short term rentals and a lot of them have a rental cap making it difficult for investors to get in the game.  

Here are 5 basic equations to understand with examples as generated by the new Chat AI Robot:Capitalization rate (Cap rate): The capitalization rate is used to determine the potential return on investment for a rental property.

I figured the rehab at $65.00 sqft making the total rehab costs at $701,000.00, the total acquisition at $906,000.00. the cap rate will be around 7%.

If you buy and ordinary property in a so so community, the competition will basically dictate your nightly rate and you will cap out.2.

@Matthew Spencer I also have a 6 unit 8.4% Cap property to you to check out- great deal.

ADJUSTABLE RATES- If its an adjustable rate mortgage at some point during the life of the loan, you want to understand which index they use and what the margin/caps are.  2.