As much as I am not a proponent of folks (mis)using CAP rates, they do serve well for the purpose of positioning a property for sale.  

@Matt Powell It may be helpful to understand that the purpose down payments. 

I do find it Ironic.. here on BP you have all these people that just jump up and down about how not to spend a dime on any paid for mentoring or of course a TV Guru.. but they will go out and blow what cash they have and or run up credit cards trying to be a wholesaler  and at the end of the day they get less education than if they paid for a mentor and the burn out rate I suspect is over 95% .. and whatever cash they had is gone and now they are in credit card debt..  

Can you prove that your intent was to hold for investment purposes? 

A mortgagee can not simply enter your property unless it is for the sole purpose of securing a vacated or deteriorating property.  

I think I will probably go the route of buying an iron cast Kohler Villager tub and using a cheap matching fiberglass surround that I could later replace easily if I wanted/needed.

What is the purpose of the calculator?

your gross rent for the year should be $2,850/ m or $34,200/ yr and not $18,575 for 2014 or $22,477 for 2015. so they claimed less income and charged more for travel for tax purposes it seems. quick break down:$300,000 purchase20% down=60,00030 yr @ 4.5%= $1216.04/m$34,200/yr incomeadvertising - 1000/yrlandscaping - 1000/yrmaintenance - 500/yrinsurance - 1500/yrprop management - 3420/yrtaxes -1900/yrcame up with a NOI = 19,900 - 14,592 FOR MORTGAGE =$5318 cash flow before taxesgives you a 6.64 cap rateto get a 10 cap rate you would need to purchase for $199,100to get 8 cap rate - $248,875 purchasei put in prop management and lawn care, didnt know if you would be handling that or not, but that could change your numbers a little. if you kept your price at the 248, and did management and lawn care you would be close to 10 cap rate and 12,200 cash before tax, so $1000/m cash flow

.- Checkbook IRA - accomplished by using choice above and adding special purpose LLC to it.

Which is ironic as I am at the start up ( Kitchen table for the moment is the office ) part of a business.