It helps cover your mortgage and gets you into real estate investing early.

We made to make some upgrades to cover the number of people but haven't had any issues other than normal maintenance yet. 

Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

Renting it out now could help cover the mortgage, and you’d benefit from any appreciation over the next two years.

The other thing that you can do is find a HML who will allow the seller to cover the down payment then seller finance the downpayment.

How can a seller credit be paid once the closing costs are already covered?

I cover utilities.

Since then, I increased my security deposit to cover more than a half month's rent should I need to use it.

Here’s a quick checklist to cover your bases:Property Condition: Get a thorough inspection to assess major items like the roof, foundation, and HVAC—this helps you plan for any big repairs.Financials: Account for all costs, including taxes, insurance, maintenance, and property management fees if applicable.

When you have a tenant issue there aren't a bunch of other units to cover the shortfall.