It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

Once you pay realtor fees, closing costs, sellers want 10k for points and concessions.

Having a vacancy costs money!

As someone else mentioned, insurance here is generally less costly than in Florida and other beach markets. 

Mind you, she used a legal aid attorney, so he didn’t cost her anything.

A friend and I created one recently:https://drive.google.com/file/...It was meant to compare costs between different lenders, but you can use it to just see costs from one lender as well.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Your referencing effective age vs chronological age. 

You also will still need to manage your property manager  - ie, stay on top of expenses, ensuring your property is being managed effectively etc.