(My company closed, so actually they pulled the trigger.)The OP is making more than triple what my wife and I made.

Share your assumptions below for a tailored model and insightsNeeded: Rent, Rental Growth, Occupancy, Interest Rate, Loan Amount, Property Tax, Maintenance Expenses, Purchase Price, sum of all Closing Costs (including commission), HOA Fees, and Renovation Costs.

It might be beneficial to review your investing criteria and make adjustments in light of the state of the market.

As Sasha stated, that is at least $75k you need to bring to cover your current debts alone, plus closing costs on top of that.Leave the $280k @ 4.25% in place and find some way to pay off that construction loan. 

Since north facing window has no direct Sun light at all.

This property is in a great area for me in North Arlington (great schools, stones throw away from a huge community park, and close to I30), and the plan is to live in it for a year or so before renting it out (I’m sure I’ll be picking your brains when the time comes!). 

You can always double close though, so it doesn't change much. 

@Liam Willder because If you purchase with a DSCR it is expected to be occupied by a renter, often by the time the loan closes or shortly thereafter.

As each house is closed, the profit is rolled in as working capital.  

In Houston, Tx we get traveling nurses, divorced parents wanting to be close to kids, students, traveling professionals, and just people looking for a way to budget their life.