I can foresee adding 2-3 properties between now and then (potentially more bringing in my design build friend as a partner) with the goal of moving more fully into this as a line of work with a focus on bringing hospitality to the rental industry.  

And Wayne to answer your question, no unfortunately any overages goes to the next lien holder in pecking line, then the owner.  

Just trying to gauge if our budget, target area and projected rental income is in line with the area?

For example, a multi-family property can be straight line depreciated over 27.5 years.

Where is the line between lifestyle inflation and just growing up/evolving?

They just want to make sure you have a clear vision for what you plan on doing and how much you're going to net them in their wallets.the rest is being professional and having clear lines of communication.

It's the part after the actual purchase that I'm not sure of, and lining up servicers.  

Matthew Michels your problem is a common one right now assuming you’re in a sellers market like most of the country.What you need to do is something along the lines Of direct mail.

Andrew Lackey your best bet is to do owner financing.

I can't recall the line number. but there is a line for misc business expenses.