We intend to pay off the remaining amount of the loan prior to the adjustment period.

If you are disiplined and take it serious from screening to repairs, etc. then you will find it very manageable... and I would say very fun and rewarding.You need to allow for the first year so that you can learn and adjust to being the best landlord...

I believe I originally got it from BP's files but have slightly adjusted it as needed.In general, keep everything (expenses, vacancy, repairs, etc) as percentages.

Details: C-class property in a C-class neighborhood in SE Virginia 3/1 SFR: $37K to acquire and $30K for rehab (redoing just about everything). 75K-85K ARV $750 a month rent, 12% vacancy (property manager tells me 8% is more likely but I want to be conservative), 10% property management, 7.5% repairs, 5% cap-ex, all utilities paid by tenant, property tax adjusted to an ARV of 90K. 

Credit unions are an obvious exception as they typically finance any rental property as commercial.That said, I too prefer commercial financing as it is more in-line with how one would finance any capital intense business.

Indiana has apparently adjusted (likely based on your sales price) for 2019 and at the end of the year, you'll owe that higher amount.Four questions you should ask the settlement company (not necessarily your agent):1.

The February decline in jobs was the first in the sector since 2012.Other sectors losing jobs include transportation, warehousing and utilities, down 3.2% in the 12-month period, and financial activities, down 1.5%.The best job growth in the past year has come from the professional and business services sector, up 2,700, or 2.5%.Jacksonville's job growth lagged behind Florida's statewide growth rate of 2.4% from March 2018 through March 2019.Florida's statewide unemployment rate was unchanged in March at a seasonally-adjusted 3.5%.The Department of Economic Opportunity does not provide seasonally-adjusted data for local unemployment rates.Duval County's jobless rate, without adjustment, fell by 0.2 percentage points to 3.3% in March.St.

If you know you are high then make adjustments otherwise you will loose one month rent to vacancy and that will cost you $1300 anyway.

Are you currently with Velocity facing an adjustment or just looking for a second quote to beat it. 

Are there lenders who work with self Employed that could adjust my income by adding back my travel?