The bank approved us for an extra 100k more than what we originally asked for (at 65% LTV). 

On 1-4 units3.5 5-7 yr lock, 25 amort. 80 ltv on 1-999 unitsAnother would do a 10 yr lock at 3.75-4%, 25 amort, 80ltv on 1-999 units.Most have little to no extra costs/ fees from the bank. 

@Thomas Vida,The tenant is likely applying for a house costing approximately $900/mo, and wants her application to be strongest because then it will better.     

But if someone has some extra information and advice, I'd be happy to hear from you. 

I don't think that the extra room could be converted to a bedroom.My goals are long term cash flow to replace W2.  

A lot of extra trips and extra expenses are incurred around a vacancy.

Depends upon what state and county you are in but sometimes county assessors have an incentive to put extra value on the land.

Maybe take out a bit extra money and use that for your own needs too. 

And you're paying an extra $5k per year for the privilege!

I have a Short Term Rental in Lynchburg, VA. with two extra adjacent buildable lots that I am considering leasing on a NNN lease.I am ready to retire and want to be hands-free.Are there any companies that handle such leases, and what their fees are?