@Jenna Meditz We've been using Innago for years and we absolutely love their software.

The Midwest market is absolutely on fire right now!

I guess I will try and talk with him when I move in but I’m confident you can’t even rent a studio apartment in this zip code (06790) for $7504) When I sit down with him upon closing I plan on asking him personally if there’s anything that should be brought to my attention that needs to be done that I may not have seen on the home inspection which I will absolutely repair.  

It was an absolute mess.

Like everyone, I am just trying to think through my absolute best strategy to grow wealth.

I'd absolutely let her out of the lease, and suggest she find some place more affordable.   

Absolutely!!! 

Quote from @Trent Balandran: It can absolutely happen, and you are absolutely right to be concerned.Even in the best market, a HML comes with high interest.

The 1% and 50% rules are guidelines, not absolutes, especially with high interest rates.

I later heard but never exactly why, that the place was an absolute money pit and the buyer, who was very experienced, regretted buying it big time.It is interesting, but I ALWAYS do at least a bit of research on the prior owners and have found few "hard luck" stories, at least as far as either higher or high priced single fams go, they're by far the same story where the owner makes the financial decision to walk away, mainly due to the insane HELOC's etc they were giving out, like 125% of home's current value back in like 2006, so now they'll owe literally like $750k on a home that IF in great shape would at best fetch $500k, PLUS they trashed or semi-trashed the place, so they'd be really lucky to get $400k as is and often they may be business owners or whatever and have a relationship with a local bank who will then know "the whole story" behind the big hit they take to their credit score and not treat it nearly as harshly as the average Joe, who's practically banned from even entering the bank for years!