It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.

And, yes, inspection deficiencies can hurt your valuation because once they are disclosed, you are required to disclose those to future buyers. 

If not on a state road, a muncipal permit is also usually required. 

As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.

Holding a license requires fees.  

@John Jacobs I require my borrowers to have policies that cover replacement cost. 

My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

It all depends on what your requirement for cash flow is.

I finished all the degree requirements only to discover I was extremely burned out and had to complete another year of electives to satisfy a minimum number of credits at that university.

2) Their contractor must be properly licensed and insured and we require copies of all this.