The property is also appreciating in value so that’s a plus.When you came up with the $13,000 carrying costs, did you factor in maintenance costs such as new furniture, paint, toilets, bathroom/kitchen faucets, etc?

I am concerned that the tenants could put furniture too close to it and cause a fire.

She asked to repaint the interior to match her Tuscany furniture...I said no problem, we both go to Benjamin Moore and pick out & agree on a color, I go hire a contractor and get a quote.

But a 4BDR household usually needs outdoor storage.

It could be a TV, furniture, a vehicle or real property.

Use whatever you have first before buying more food, clothes, furniture etc.

The house does need a new hot water heater, outdoor A/C unit, stove, refrigerator, carpet and paint, and some cosmetic upgrades = $3500-4000.

I usually find it easier to rent something that has furniture in it because they see how they can arrange furniture and the furniture may hide some of the blemishes...

1) down payment of 3.5% with FHA or 5% with HomePath2) 2 appraisals if it's an FHA (one prior to renovations and one after renovations) ($1000)*0 appraisals if it's a HomePath as they don't require them3) general inspection $5003) pest inspection $2004) contractor bids if they charge for that5) moving costs up to $10006) furniture etc... up to $20007) landscaping renovations (not covered with loans) $1000

Outdoor vinyl siding 4 yrs. old, Needs carpet except Br's roof approx. 15yr old.