After all, I paid county taxes based on that.Or, if we were mandated to use the acquisition cost (195K), shouldn’t we apply the same percentage to it (as in 78% of the purchase price)? 

I have a healthy income and have built a solid financial base for my age.

@Caroline Knight I am a local lender based in Chicago and I have helped hundreds of Veterans with their VA loan and house hacking.

These type of loans have the least requirements and are usually approved based on the investment property alone and not the income of the borrower.The highest interest rates will be from a hard money lender.

He can discuss DSCR loans and is CT based.

So If I understand this I would be looking at base rate +4.125 then whatever additional rate the lender is adding on, minus points to buy the rate down? 

Fannie publishes what they charge to price in adjustments based on different loan factors if you google fnma llpa it will come up. 

Maintain your curiosity, keep expanding your knowledge base, and look for networking and learning opportunities.

Looks like they're based in India.

I intend on expanding the bedrooms since that's what the market seems to really like (the more bedrooms the better) based on conversations.