In September I never cash flow and in a couple of months I just cover so I look at it annually.

House hacking can cover mortgage payments, live cheaply, and build equity over time.Good luck!

Make sure you fully understand what the fees cover.

I read the HUD link in full and am fully understanding now my rights, and as I understand it if a tenant requests a door be widened, they must pay for that, a contract is in place, and it is returned back with a deposit made that is large enough to cover the full construction costs.

With the recent episode of BP covering this topic I'd figured it be a good idea to start a thread for all those curious here.

I have 3 mortgage payments and enough cash reserves to cover all expenses for 2-3  months without tapping into personal savings.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Investors are being more cautious and looking for properties that can generate strong rental income right away to help cover the higher financing costs.

That 10% difference in LTV would cover the full $25k (and I don't charge such high origination fee either.)

I was not expecting the free version to cover so much.