Mortgage payment is $1671/mo. 

I have investors that I set up loans with private money that only use this method because of the speed.

Spend the time now reading and learning so you will be ready when you have the down payment for your house hack.

You can also use the Enemy Method to check the rates of your competitors.

You can also check online resources like BiggerPockets or Roofstock, which offer general CapEx guidelines based on property type and age.These methods should help you perform a solid preliminary analysis.

But those didn’t cash flow as good so I threw more $ down or my lender gave me a much better interest rate with a bigger down payment.

Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments).

No, just inform them you are the new owner (they may want proof) and provide them with the address to send payments. 

Down payment: Can you give us some of your reasons for wanting the larger down?

All the off market sellers that we worked with wanted 50% or more of a down payment with seller financing.