For example, on a recent project, Draw #1 covered the roof, demo, and trash-out.

However, I'm hesitant because the rent wouldn't cover the new mortgage, putting me net negative monthly.

As I mentioned above, the risk of being sued, found guilty, and fined more than your insurance will cover is almost non-existent. 

(I would not specify how much.)If the property needs a ton of repairs, then even buying it subject to the existing mortgage may not be enough to make this a viable deal.You need more info, and fast!

Hello everyone, I purchased my home two years ago, and currently, I have a tenant renting a room for $800, which helps cover my mortgage.

Perhaps refinish existing wood floors rather than install new LVP to save money.

Mainstream homeowner policies won't cover sober living because they don't account for the risk of multiple people recovering in the same home

If we wait and buy in 26 she would move in and let others rent with her and hopefully cover the mortgage. rent is super expensive there!.

Lenders typically look at the rental income of the property to determine if it covers the loan payments.

When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.