Tariq  It depends on the type of loan program.If it's a Freddie Mac loan 6-7s depending on PPP, LTV, Fixed Term, and location. 

She is not in a position to lend a personal loan to me. 

You’ll need errors and omissions insurance (~$400/yr.), and you’ll have to do some continuing education for licensing compliance, then you might have some technology costs and some other costs I’m forgetting, of course vehicle maintenance and insurance and those types of things.

You could raise your deductibles on your existing insurance policies (consistent with any mortgage on the property) or talk with independent insurance brokers to see whether you can find a better policy. 

On top of that you have lower taxes, insurance and a lack of HOA's.

Flood insurance is expensive and will be more expensive in the future, as they try to raise premiums to cover the claims. 

It isn't having paid off properties that offers security, there are still taxes, insurance, maintenance and management involved. 

You are literally loaning your hard earned money to someone else who will also get a loan on top of your money to acquire some property for a fantasy proforma based on too many moving parts where no one is safe. 

You have a decent loan on the place that you won't be able to replace from a cashflow standpoint.So keep at it. 

Hi Pegah, consider this -renters insurance may not be available at all during the entire time they lease from you.