The settlement charges consist of 2 main categories: closing costs and prepaid/escrow items. 

@Vivian Huang I just went with one co-signer - the main breadwinner parent.

Assuming you have good income/debt and good credit, you should be able to get another mortgage.

Is Cash on Cash your main metric or is it cashflow or something altogether different?

Typical SFH lender guidelines allow for (75-80%) leverage on properties and consider your debt to income ratio. 

There is no right answer here but know there are other options too.In theory, all a conventional mortgage (meaning Fannie/Freddie loan) needs is just your income to support your debts. 

On conventional loan if you default the lender will take the property to cover the debt and can come after you for any remainder.

I'm with Listing Leaders (main office just moved to Merrillville to be more central).

I am a CPA as well, although these days I am mainly working as a real estate agent.

- TOTAL OPERATING EXPENSES: $522K, NOI: $445K, Debt Service: $240K, CASH FLOW: $200/door/month.So...this is based on potential rents which means I will have a year or two of transition and potential CAPEX expenses.