At the end of the lease term, it's a simple as printing that spreadsheet so it shows all itemized deductions from the security deposit.

My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

Its great that you have saved some money and have a desire but investing involves a risk of loss.

We discussed a few more items last night and I will make sure we follow through for you on those.

Or does your financing terms require you to do something else (which is why we need to ask question #2).Maybe the original poster will respond as well but those are the 4 items I would tell you to uncover.  

.: I didn’t realize the closing statement items were handled a different way and not included on the SchE.

Is that why you’re leaning toward renting, even with a $1K/month loss?

If area or units aren't good enough to easily attract sec 8 a lot of these rougher area investments turn into huge losses.

While personal loss is difficult and understandable, running a business that directly impacts property owners requires a contingency plan.

Though at 1525/mth it is projected to cashflow a little less than 100/mth  -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).