Is the formula ....Income - mandatory expenses ... ( taxes, insurance)  Income - taxes, insurance and utilities ( if covered in rent)Income - taxes, insurance, utilities and ......????

@Davinder ChandIf you need the extra 5% to pay off the HM loan / cover the closing costs of the refinance, you would be able to go up to 80% LTV with most commercial DSCR lenders.

This year I've ventured more into the capital side of the business as well to gain some of those investor relation skills.

I have a small business not related to real estate that generates about $2m/year; I also introduced him couple 7 digits businesses, so bank loves me for that.When I needed the financing for this piece, they gave me 6% interest rate, half point,  prime was 8.5%!!

like, you up the monthly payment (assuming it's covered) in exchange for something?  

That money sits there until they move out and only then is it used to cover costs for cleaning and repairs (that are not normal wear and tear).

Flipping- High cashflow, active income, hands onBuy & holds- Very low cashflow (comparatively), passive income, relatively hands offBoth have their pros and cons. 

I opened a new business account at a new bank to keep everything REI-related separate from my personal banking.  

Unlike mortgages, which often involve lengthy approval processes and property inspections, unsecured loans can be obtained relatively quickly.

Secondly, do not use credit card debt to cover the down payment.