:)I am also looking to purchase an investment property and I want to put it under the business so that I can have protection for my personal assess and be able to deduct any expenses to reduce my overall taxable income. 

You are certainly able to deduct mortgage interest, taxes, etc.

Say a standard bank rate at the time.

I know at least two people personally that are members (but I have never seen them post) of BP that make more than $3,000,000 a year.It depends on all the normal things.  1)  How smart you are.2)  What connections you have.3)  How hard you work.4)  How much money you start with.5)  Timing.6)  Location you start out in.7)  Luck.You should also be aware when most people talk financial freedom they have lower standards than you mentioned. 

At a minimum, I would call a contractor and verify the minimum width standard and go to the property to measure.  

Especially by the standards most people on Bigger Pockets use.After using the rent to cover the mortgage (which includes property taxes and insurance) and water/sewer, I only expect to have $200 left.

I am scheduled to close tomorrow. my contract says "broom clean condition", which i think is standard language in most PA's.well, i went there yesterday and the house is still a mess, multiple refrigirators, ovens, wheel chairs, porn tapes, cabinets, water heaters, dolls, tables, you name it, it's there.my agent left multiple messages with the sales agent (a huge knob!)

Will this loan be a standard mortgage loan or will it be some form of commercial loan?

Heat $80/$90 p month per unit3 flat, use standard garbage cans4 falt, dedicated collectorhttp://www.businessinsider.com/r-emanuels-plan-to-...Water, 1,200 - 1,600

This is the am best profile but they dont have a financial ratinghttp://www3.ambest.com/ratings/entities/SearchResu...They don't have a rating on Standard & Poor and Fitch Rating