This way you have your costs adjusted based on income and assets; that gets build along the way.Good luckScott, Joshua are local here to work with. 

The adjusted basis would be the lower of:1.

It has been on the market for just over a month and I have adjusted down rent 3 times already.

If the current furnishing will remain, you could do STR until you cant, then adjust.

You could get a 30 year product (fixed or adjustable) starting at approx same rate with 5 year adjustable (fixed for 5 years then adjusts) fixed rate would prob be in high 6's low 7's depending on credit score.

You could get a 30 year loan either fixed or adjustable (on properties 1-4 units), rates are dependant on credit and how high you go on LTV.

That cost does not adjust to your rental rates, whether that's $2,400 in Austin or $800 in Toledo.

Become friends with a local CRE independent adjuster and follow their recommendations.

@Krystal Thomas sounds like this one will be tough with her net adjusted income. 

If after all that, you need at near/at/above your cash flow desire, then great.COCR is easily adjustable depending on what you end up putting in.