So the total amount that should be paid will be rent for remaining days in month + security depositORrent for remaining days in month + next month + deposit - I don't know when would this situation arise.

We have been able to rent it out with zero vacancies for $3,300 month, with the mortgage, property taxes, insurance and other expenses totaling ~$2,900.

I totally understand the challenges with deal flow, especially in a tough market.

probably all of the above.It sounds like you’re weighing multiple factors, and that’s totally understandable.

@Ronald StanleyI forgot to add.

all the numbers i am getting back want more than 10% and over 10,000 in closing costs putting a total of close to 90,000 down. 

.- Lower down because I can do FHA loan- Probably don't need a property manager because I live here- With the potential rent income vs monthly mortgage price, I am probably breaking even if lucky- Pro tenantJacksonville:- Total cost of home is lower, even though I will have a higher down payment because I am buying it as an investment property- With the potential rent income vs monthly mortgage price, I might make a couple hundred a month... which can eventually be used as a down for another property?

@Jason BoringFor BRRRR's/flips - plan to put 10% down of the total purchase price plus renovation funds when using hard money.

There are obviously other metrics that have to be met, such as the gross monthly rent has to be equal to greater than the total principal, interest, taxes, and insurance; that is the debt service coverage ratio (DSCR).

Would it be better if we split the total money into 3-4 properties and levered them up?