Basically if 75% of the rent can cover PITI it shouldn't increase your debt to income ratio. 

You make half as much profit each time, but it gets you in the door and has a much higher chance of success when just starting out.

Some of those include tax write-offs and increased return on your investment.

@Ashish AcharyaYes we will contact an attorney, I have some rentals now and am looking to increase my portfolio.

Any chance that the new "tenants" are trying to "sell" the house?

Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.amortization scheduleA table which shows how much of each payment will be applied toward principal and how much toward interest over the life of the loan.

We figure we'll at least get close and we added a clause in the lease stating rent increases will happen annually with increased utility bills.

That's going to happen and in most instances it cant be stopped. but there are well known PM on BP that increase these prices more or inflate others.

"Are we doing a good enough job that you would refer people to us given the chance?"

Now even with appreciation and increased rent inflow - it would still take above 10 years to pay off the loan/interest expenses.