All help is appreciatedThank you  check permit pulls on your city and how much the build cost is per square foot. email your plans out to the builders, to site walk.

I had given them the cost segregation studies for both properties that were provided to me but they didn't use them. 

When the condo costs $115k, we don't have to make much to make a profit.

They cost 25k each on average and so far they’ve been easy to self manage out of state.

The property will still cash flow with the extra cost of these expenses. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It is also a good idea and a small cost compared to the overall project. 

Factor it in to your costs.3.

I would ask the lender you applied with to disclose how they calculated your DTI... sometimes they fail to add back in depreciation or deduct costs from your schedule E like tenant turnover, improvements, etc. that shouldn't be included in the DTI calculation. 

Single family homes have the benefit of the tenant paying all utilities, taking care of all landscaping/snow, and lower cost replacement when things go wrong (a roof on a single family home is a lot less then on a large multi).