Is it still included in the bonus material?

I do like that it seems to handle everything, including a homepage for your listings.

Examples of income of this type include income from hourly workers with fluctuating hours, or income that includes commissions, bonuses, or overtime.History of Receipt: Two or more years of receipt of a particular type of variable income is recommended; however, variable income that has been received for 12 to 24 months may be considered as acceptable income, as long as the borrower’s loan application demonstrates that there are positive factors that reasonably offset the shorter income history.Examples of positive compensating factors that we like to see (1-3 will generally do it)...Employed in same line of work.Makes sense from a common sense perspective, like someone is returning to the workforce after being a stay at home parent for a while.Recently finished some training or education program that lines up with the new line of work.Low DTI.Great credit.Income trending upwards. 

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

I like to think of it as a revolving credit facility where I am the bank and I don't have to rely on an external credit committee and the associated red tape to draw from the facility

Finally, you may include in your calculation closing costs. 

We consider a LOT to be advertising, including looking for or offering deals, services or service providers, products and loans or funding.The main reason behind this is that our forums would have 46 batrillion posts if we allowed everyone to come on and just push themselves, their companies or their properties.

Those are red flags, a number, not so much. 

I wanted to know if there is a lot of red tape involved in remodeling since it is a historical neighborhood.Thanks,

I have not sent out a lot of LOI letters at once, but the ones I have sent out, I included an offer amount that was fair, a fairly size able refundable deposit, and all subject to due diligence.