When folks headhunt me, I ask for three things.1) Access to their interest rate pricing.2) Put me on the phone with the regional underwriting manager. 3) Put me on the phone with your regional operations manager.4) I'm not interested in talking to you, headhunter/recruiter dude, so go away.I have found that there is absolutely a trade-off.

I also thought about considering inclusion of either a new fridge or washer/dryer to add as one time operating costs (1,000 under repairs and maintenance)I wound up getting a taxable income of 950 bucks after things like debt service and depreciation.

I have clients that own 1 to 5 vacation rentals here on Mau i and once you hit that threshold of 5 you may be put into a commercial status (5+ units), so qualifying can be a bit more difficult, looking at such things as:What has that person owned and what has been their management experience collecting rent and managing propertiesThe borrower's credit score, income and personal and business tax returns will be considered along with two years' operating statements and a current rent roll for the property.Also important are property metrics, such as: Net operating income: The annual income, minus expenses that a property generates from its operationsDebt service coverage: Measure of cash flow relative to debt payment obligationsLoan-to-value (LTV) ratio: A measure of the loan amount relative to the value of the propertyThe property has to service its debt at a comfortable marginOf course each lender can be a bit different, so it's good to shop around if needed.I hope that helps.BTW - what do you consider big money?  

I've been doing taxes for ever, and thought that if you paid off your rental mortgage your taxes would be increased due to all of the rental income being profit (except for the operating expenses). 

I managed my first operation at 22.

We are a full service flip and hold property operation here in Kansas City.

Hucksters operate in any and every industry; however, analysis will prove that in most instances a breach of ethical behavior would have been less tempting with a lower purchase price.

Don't forget that if they put in a security door, they won't want a thumb latch to operate the deadbolt, since anyone could reach through the bars to unlock it.  

I spent the last 5 years  building a small business as the operator of an after school learning center for kids.

Just to be clear you will have to have adequate debt service coverage, usually 1.25 times the net operating income (not the rent) of the subject property.