If they stain the carpet and break things, they would pay because the lease would state they are obligated to pay, right?

Going to a lender using the wrong terms will just paint you as being so green they may not want to deal with you, so study the basics, not guru stuff, before you begin.To be in buy and hold positions you'll need reserves besides the down payment, if your A/C breaks down you could lose your tenants if you don't get it repaired. :)

So even if you get increased rents it could take years to get it back to break even versus a unit needing 200 to 400 to spruce up and it's ready to rent again.Make sure the voucher is covering ALL the rent.

@Dharmik Mehta1) welcome to BP2) introduce yourself3) know what to ask, break it down to market, area, topic.4) connect to other BP members, exchange ideas, build relationship.5) educate yourself as much as possible on RE related subjects.6 Happy investing

Account Closed No problems amigo I figured that it was either an #1 An Accident or #2 You were trying to spam Flip2Freedom lol I am already ahead of you amigo, I am just now listening to the new BP Podcast that has just been posted (still listening to it right now) but while I am listening, I am chatting you up as well as downloading some more Podcasts both from BP as well as Flip2Freedom, found a couple of goodies that looked good so am downloading it while my wife is giving me a funny look because she wants a cup of coffee lol, the good thing about listening to a podcast is I can pause it when I need to take a small break, mostly to get another cup of coffee lol....And here I thought I was the only vampire around seeing its now 1:27am here (which seeing you're in California its the same time, I am assuming you're in California seeing the bar at the top of the message you sent me, Torrence, CA lol).

I will fire them.. i thought there was legal implication if I break the contract

An elderly visitor falls on a slight elevation on a sidewalk or walkway and breaks her hip.

Can I justify buying it by basically breaking even over the long run (rental income = mortgage) while I will be building equity?

Just go a break the ice, unless you know what to expect you can't really do accurate comps.

Since I have a break lease clause, I would inform them that they are welcome to breaK the lease but owe me 2 months rent and 2 months fee!