Your DTI for a mortgage is based on the mortgage payment.

Get a first position line of credit larger than what you plan on using (Ridge Lending has the All in One that would be perfect for this strategy).

I'm not an expert but based on my personal knowledge. 

However, based on our conversation, this strategy might unnecessarily complicate things.As a 1099 contractor, can I deduct all upfront expenses for the STR upgrade, as I did with my San Diego property?

Hey @Spencer Shapiro, this is a hard one to reply to because a lot of this is based on folks personal thresholds around tolerance, uncomfortability, etc. 

Current market estimates, and ones that I have received myself, have the installation of a new ATS ranging from $45,000 (on the low end with perfect property conditions) to $80,000 or more.

Hey Everyone ,Am new to real estate wholesaling and i want to start in Nashville TN and am based in Egypt and I want to wholesale virtually in the US .

Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

Based off comparisons in the neighborhood, the house should be worth anywhere between $175,000 and $215,000.

Obviously this isn't a "perfect" model for prediction because none exists.