Being exposed to the other side:I grew up in big cities for the most part and spent a lot of time around those who had significantly more than I did (two-parent households, ski trips, big houses, the newest car every two years).

If household size is similar for your unit and the tenant's unit, half of the bills should be fine.

Should something happen at the property that makes it inhabitable during repair you will be held responsible for housing tenant in a comparable area to accommodate all household members .

The prospective tenants household income will also have an impact.

If interest rates tick up a couple points, it'll put downward pressure on home prices in the short run which may allow more households to afford single family houses.

I’ll be at Fort McNair, so I’ve been looking at the Wharf area (20024), Condominium to buy (goal: buy, then rent for cash flow).  

Thank you.Nick, depending on your AGI level, if your household qualifies as REP, or type of property, you might or might not be able to take the losses. 

Also, what is a good computer or online program to calculate and keep records of business financial and/ or household expenses Does anyone still use Quickbook or Quicken?

Are you worried that you won't qualify for this $850k home solely based on your household income? 

What is your approximate monthly household income (over 3 times rent is minimum required)?