We wouldn't have to dive too deep and could issue you a preliminary term sheet pretty quickly, so you know what you're possibly looking at. 

Even if the analysis doesn't pencil out exactly the way you've set your criteria, I'd wager your projected cashflow is probably optimistic anyway and you'll actually do better in a better location. 

Usually on DSCR loans, lenders will provide a preliminary cost breakdown but we usually can't pick the pencil back up and finalize terms until the appraisal report is in hand and expenses (tax/insurance/HOA figures) are finalized.

The preliminary report says we would be eligible for ~$390k in eligible deductions.

I'd wager most of this forum would be better off investing in equities then in real estate. 

I would wager that if you haven't sat down and done a tax plan before, spending a few hundred dollars with a tax pro could save you tens of thousands in the long run. 

I received a preliminary estimates for $3625 to $4000 (just for preparing the return, federal and 2 states).

All quality Cost Seg providers provide complimentary preliminary analyses.

@Brandon Stiles you’ve done a lot of the preliminary learning.

The preliminary analysis can have lots of data, so it's important that the provider thoroughly review it with you to explain what depreciation tax deductions Cost Seg study provides and what depreciation benefit you would get w/o Cost Seg.