I realize the extra cashflow, and I can always make additional principal payments.  

Depending on which one you utilize they will not look at your "DTI" but they will look at your global cash flow in addition to the income and expense of the property.  

Should I just handwrite this into the "Additional Terms" section at the end of the agreement? 

Or do they charge additional fee immediately after you register?

If this price is say $50k and then factor in an additional $15-$20k for rehab with an market value in the $80-$85k range then that's a different story. 

In addition, the property tax rates in the state are some of the lowest around, which makes a big difference. 

The deal was marketed as "value-add". It

Then there is continued education - I just had to complete additional 18 hours of CE.

If you have free time as mentioned, there are plenty of additional ways to come up with $25k.  

a few comments:-i think property management in indy is typically 10%, but if you already have it lined up at 8%, then great-most people i talk to put vacancy at 10% as well-are you putting any additional money intoimprovements?