The damage waiver is almost like a little insurance policy for damages that exceed the deposit.

The APR is the interest rate plus fees like origination fees, discount points, and mortgage insurance, annualized.  

I can pay utilities, insurance, and other holding fees but I won't have enough to pay other cost like listed above.

Instead, an umbrella insurance policy may be a more cost-effective alternative for now.

As Shawn mentioned above insurance is going to be a HUGE deal in Gainesville as well as HOA's.

Also, the insurance was a lot less on a brand new home compared to an older one. 

If they can get insurance rates and mortgage rates to come down a little, we would have a light correction imo for SFH.

@Suzy FarmanHere’s what’s worked for me:Leverage Airbnb/VRBO: Many insurance companies use these platforms via third-party services.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

You'll need more cushion between your income and debt payments to account for everything else - taxes, insurance, food, living expenses, etc...