When you are buying a house for future rent purposes you have to evaluate morgage and other expenses versus potential rent.

Act like someone trying to find a rental in your area.....go on Zillow, Trulia, Craigslist and even call a few PM's....try to compare something similar and go from thereRentometer.com also can help

My advice for the remodel is to make the units comparable to what your market will allow. 

The 3rd party fee's can also be very high for CMBS (mostly because of borrower counsel) - Well's has a capped program at $25k which is low compared the industry standard of a $30k-$50k deposit.

@Brian HaleyIn the majority of states, property value is assessed for property tax purposes every five to seven years.

I won't be able to scale if that's the case, which would defeat the entire purpose of hiring out.  

I closed one deal this week and got a loan with 6.125% fixed rate for a condo for investment purpose. 

Ask your LO to compare the products so you know the difference paying monthly or single premium. 

I only need $70 K for the first deal.Bank 1 will give me almost twice as much money compared to bank 2.

Depending on where you live of course.Let's compare:1.