The upper 2, or the lower 2, but not all 3.

These are definitely lower-income individuals, so I understand that the options are very limited. 

Yes it can be fixed and again the LOC would be re-evaluated for a lower rate each anniversary year.  

Unfortunately HUD's definition of a service animal is much lower than ADA's definition but I have threaten to fight this inconsistency on a couple of occasions and both times the tenant backed down (We never went to court).What sort of asset protection do you have in place?  

I have, on multiple occasions, asked my clients to lower their offer price, and they have gotten into contract on those homes! 

But in our case we just bought it last year for cash and the sale price was lower than the previous appraisal so no problem asking for it to be reconsidered.  

Lower cash flow rates are a common side affect of the BRRRR strategy.  

It would seem hard to negotiate a lower asking price if the seller needs to sell for what was owed on the house.

There aren't many 2 car garages in the area that are this usable (some are mostly unusable).Initial Repairs: $7-10k (mainly new paint, carpet, lower cabinets in the kitchen, glass block in basement and upstairs bathroom, updating bathroom)Expected Rent: $700/mo (probably doing Section 8)Expenses = $310/mo (based on items below).10% Property Management: $70/mo10% repairs/maintenance: $70/moRE Taxes: $35/moInsurance: $57/mo10% Cap X: $70/moI've used different real estate calculators but since they ask for the information differently I seem to be getting different numbers for my cash on cash returns and cash flow.

Zack Karp In fact that lender didn’t use the projected rent but the current one which is way lower than what we expect to get as the house will be rented by room to students.