Yeah, it’s kinda like that.Oh excellent thought.

@Kristopher Hanks  excellent post you right there destroyed a lot of myths and things that are marketed in the US rental arena.1. 

Excellent!

Most apartment syndicators in their Excel projections always show at least  3% annual rent increases  built-in.

I understand real estate is a business that you need excel on your own but I think I do need one needs some sort of support from the office who he pays 50% commission on deals. 

Looking for a lender that would feel comfortable with the value of property I already own (free and clear)Current or prior ownership of real estate: Currently own - Current townhome $250-275k (free and clear), Investment commercial warehouse $300k (free and clear), 50% owner in out of state (South Carolina) single family home $275k (free and clear)Occupancy: Current townhome occupied by us, will list for sale once we move - Investment warehouse is fully rented - Out of State home used as vacation homeValue of property at present and/or your offer price: We're shopping for a home in the $400-425k price rangeAfter repair value: $400-425kAnticipated or actual appraisal issues: Actual valueCurrent rents per month: N/A - Will be personal home, not being rented outFair market rents per month: N/aDown payment or equity: We will put at least 20% down, probably $100-150k down paymentSource of down payment funds, if applicable: own fundsIncome Source: self-employed (Retail) and more recently landlordGross monthly income (optional): $7,668.00Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc:  Maybe $400/month at the mostFICO: Excellent - 814 (TransUnion) as of 12/18/18, 810 (Equifax) as of 12/18/18 (via Credit Karma)Credit issues: No credit issues. 

When you find that person in your area it will be an excellent resource for you.

I just learned how to do it yesterday in Open Calc (a spreadsheet application similar to Excel).

This really is a great discussion and all who have responding have made many excellent points and asked great questions.

It will be an excellent payday.