Simple example to illustrate.

@Daniel McNulty - As I stated, it is a simple example to illustrate the concept.

Youve also illustrated exactly why the disabled will hide their service animals, because they are often the victims of illegal housing discrimination.

MI will sell above appraisal value, which can be a major problem should you ever decide to sellA great point to illustrate, point 2 under cons, is the turnkey provider I used (not MI) just sold a property (rehabbed) in memphis for 79k, with 785 rent.

. :)  The link I provided was just a quick reference I grabbed to illustrate how easy it was to find this (mis)information out there.  

Lucas, as illustrated above, the landlord’s choice of payment acceptance can have a profound impact on risk.

For reference my original PMI on my cost illustration was $60, I had asked him to verify this since all of the other mortgage lenders were higher (~ $100+).

No hard commitments but it illustrates that the market is open to such a home at such a rate.Thank you for reading this far!

Most of my tenants just pass the rental along to the next person when the move Hi Greg, your post perfectly illustrates how everything is relative, location makes a big difference,we have a comletely different price level compared to rural TX. 

If you are going to look for an investment partner, you need to be able to clearly illustrate the value proposition that you bring to the table - i.e., why should I buy something with you/front you the money to buy something, instead of just doing it on my own and taking 100% of the profit?