Small town I suppose that one can get away with operating like this.

I've got a SFH in Round Rock and a duplex in Elgin, but I don't think that really counts.

In the current lending environment you may be able to find a non-conventional lender that will let you get away with a 10-15% down payment, but expect to pay for that in interest rate (upwards of 7%+)No matter what though nothing is impossible no matter what anyone here tells you.

You have a square peg / round hole situation which is always tricky in insurance.

If its a new unit, then you can get away with your cap ex budget but if not then make sure you have some other $$ set aside for things to go wrong. 

I always have better luck selling houses for top dollar when the biggest ticket item on the house is new/fairly new.

Currently I am not renting in Boston, I live at home for free, most of my colleagues pay 800-900 for rent with a few roommates, I was rounding up a tad.

(Side Note: if you really want to jump your credit score in a few months (because it takes time for the reporting to update), and if your disciplined with your spending try this;1st) I went and did the math to see what my positive cash flow each month off my active income (let’s say you’ve got $500 left over after you go through your monthly spending avg. which is all you kick out vs what you bring in)2nd) Go get a credit card with 0% interest for 12mths with NO higher than 5% transfer fee.( their are some with low as a 0% transfer and I had got that one on my 2nd round cause my credit wouldn’t let me at first)3rd) do a transfer balance after 24- 48hrs of opening the card (Nope you don’t need wait to actually get the card just call in and tell them over the phone to send a Blanche transfer check to your bank account in the amount of your car Balance; because you’ve only got a 30day window of transfer with 0% interest for the 12mths)4th) PAY YOUR CAR OFF IN FULL, and take your old car note (let’s says it $450mth) plus your $500 positive cash each month and add all $950 each month to pay against the balance on the card5th) in 45days start checking your CreditKarma app (its free) and don’t worry about the 5% if it’s larger than your car loan % because once you’ve paid your car off your score will go up and in a couple months of $950 your car will be paid OFF not in 2more years or so...Thus saving you probably more than $2,000 in interest on the car loan (so you get to keep $$) and time in payments.Your saving money on interest (keeping it in your pocket thus making your pocket bigger!

Ideally we wouldn’t buy if it didn’t cash flow in the first place so I’m picking nice round numbers just for simplicity.Loan is 240K 30 yr. fixed at 4.3%Monthly payments are 1,500 Rental income 2,000Cash flow is 500/monthIf we use the cash flow to pay down the mortgage faster we can pay down the mortgage in ~ 17 years and save nearly 80K in interest paid on that loan.

I would grab a ton of lottery tickets.....okay I wouldn't but what I would do is...