My business partner provided the upfront cash for the down payment, and we used hard money to cover the remainder and the rehab costs.

I think #2 covers 90% of the work, BUT there are people whose debts are out of line with their income.

If their policy ever lapses or is canceled, they are automatically enrolled in my master policy and covered. 

The part of the home you live in can be covered under an HO3 (homeowner’s) policy, but the rented unit needs to be covered by a landlord or dwelling policy like a DP1 or DP2.

An owner would be foolish to cover all utilities for an S8 tenant.

i am not looking to be spending my days on the lake, I am looking to replace my day job income, and growing my portfolio.... but it is important to cover my costs first, which not 20k/mo but, that is what i'm accustomed to regularly (or more). 

Hi Owen- Most others have covered the specific areas to consider.

The initial thought is you are probably charging too much if no one is interested, or your photos or description are bad.Four beds and only one bath probably reduces demand as well, that’s potentially a lot of people sharing one toilet.And it is winter - I’m in Buffalo, I hate listing rentals this time of year.

The main factor is will rents cover the debt liability and can you sustain 3-4 months of no income to cover the debt? 

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $140,000 in Nov. 2005

Sale price: $175,000 in July 2007
1872 square foot single family home with no garage. Nice f...