That covers two days of the eight month delinquency.

About 20% use DSCR (usually 20-25% down) and the rest are cash or hard money or something else.For $325k purchase:1) As a broker I would negotiate down as its been on the market a while and its especially now in holidays)2) I would also negotiate seller paid closing cost credits, most loans allow 3% which should cover most or all of that.3) Assuming you paid $325k but got closing costs covered I would anticipate a minimum of $32,500 down and maximum $65,000 down depending on lending product chosen.4) Remember you still must furnish and I use $20/ft as a safe estimate to fully outfit an STR property.Best of luck!

All state said they cover cash value for properties built prior to 1940, drewlling comes out less than half of asking price.

That being said, it's very difficult to get rents to even cover PITI payments at 80% loan-to-value in Utah these days. 

Hey @Joseph Chacko vellukunnel,I think @William Kwong covered some great points especially with the financing aspect.

I also like to use incidental insurance as an additional layer such as Waivo to cover items.

you're "out of pocket" those costs, plus maybe a month of vacancy.my point - you're basically always out of pocket on a rental. sometimes the rent more than covers everything, other times it doesn't. 

Set your standards up front.Raise the rent to the market max and the difference will cover the deposit in 12 months or so.

I wanted to cover my why and what first to give a good picture of where I'm at current state, with a background and what I'm looking for below.My why: I recently got married and moved from San Diego to Scottsdale this year.

Typically I’m seeing higher appreciation than cash flow but it can be hard to tap into that equity if rents won’t cover the new cost of the refinance.