Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

It may be like $200 but what happens is the mortgage company will charge some higher origination charge of $500-600 for that rate.so you are paying $500+ to save $250 over 30 years.

Even if a title company were to manage the setup making sure all parties are paid, the cheap debt and cash flow would not be enough to be enticing to any investor even if midterm rental could yield a healthy return. 

From investor friendly agents, lenders, escrow companies, anyone for a new wholesaler and soon investor. 

Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.

I had a unique perspective of how these two industries working together.While performing an inspection on a house, I got to chat with the seller and found he was a commercial construction superintendent for a large local company.

Once it's placed into services as a rental, the property taxes will be a rental expense.I agree with Gregory above and speak with the company he has his mortgage with.

Hello, Wondering if anyone knows of a good company in the SW suburbs for snow removal still taking on properties? 

So this program is between the property mgmt company and us, mostly. 

If you are syndicating or partnering with other investors to fund a Sponsor's deal and you are a company doing this (LLC, partnership) then get a PPM attorney and file with the SEC. 506B is easiest but if it is really risky...then 506C is best.