If ever you write a book on landlording, you'll definitely have to include this tenant's story in it!  

So far my business partner and I have accumulated 25 units consisting of mostly SFR and a few multifamily including 2 triplexes and a fourplex.

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

GCAARStandard of Practice 15-2The obligation to refrain from making false or misleading statements about other real estate professionals, their businesses, and their business practices includes the duty to not knowingly or recklessly publish, repeat, retransmit, or republish false or misleading statements made by others.

Another idea is there's a brisk market here for short-term rentals so if you live here or have a VERY good ability to manage your business from a distance you can beat 1% easily and maybe even start climbing a little towards 2% if you don't factor in the cost of your time to manage it.

In Texas, for example, these are included on the Statement of Ownership and Location (SOL). 

I estimate taxes and insurance on $900k home will be $12k not including HOA. 

Of course our garages look like a regular Home Depot Store because we might buy stuff we need or not need when it's on sale, but  we don't include all the items we bought on sale to fix up our homes as inventory. 

This per unit number does include adding in property management even though we are handing in house right now.

. — It’s looking like I will end up with about $15k out of pocket for a total of $30k rehab.This includes new appliances, adding central HVAC, flooring, new cabinets/counters, Interior and exterior paInt, foundatIon levelIng, etc.