Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

If you achieved this by paying all cash, then you are losing money. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

There was a trap in roof however I been told by realtor and inspector that it will be replaced and there was no known leaks.

This is limiting my options.I have never utilized the multifamily lending products offered by Fannie, Freddie, etc., so I would be interested to a) hear other BP members' lender recommendations for this sized property and also b) other members' experiences working with Fannie, Freddie, etc.  

They are uncontestedly (is that a word)  giving up the home and there by forfeting on the payments.

You may have to get approved by the ANC commission as well.

I was told by my agent that I need to get the tenant out because it would be easier to sell.

Comparing just those two things, you would save way more money in the long run by avoiding the annual mortgage interest.

I'm surprised by some of the responses here about how people like VRBO more than AirBNB.