People with net worths measured in the millions of dollars never blinked when my rate was a bit higher when I was a mortgage banker, they understood that the cashflow on a property that doesn't close b/c the mortgage got botched is precisely zero dollars and zero cents, IRR 0.000%, cap rate 0.000%, annual appreciation and equity gains 0.000%, and so on.

I know what my banker wants and how he figures his numbers.

Make sure you have your banker review every fine detail. 

Look up what the interest rates are these days or better yet talk to a banker somewhere.

Michael Saccoccio of the Saccoccio Group at Coldwell Banker in Warwick, RI was our agent.

Below is one of the many reasons such disagreements arise - do you round numbers like a banker, or like we were taught in middle school?

I remember a banker telling me for conventional loans they consider rental income if you have 2 years track record, and consider any property you have owned for over 2 years. 

After 8 buildings in the last 11 months, we can tell you what  can go wrong that a realtor, banker, construction guy, or property manager guy forgot to mention.

You can do a 1031 exchange and avoid any capital gains if you put it back into another property.Sounds like you might need to talk to another Banker/Loan Officer! 

Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?