It's good to know about options to keep our private considerations more private.

See #1.3 - They CAN give you an Option Consideration (100% of the price of the option) that is at least equal to what you used (you will have already closed on your purchase of the house) for the DP & closing costs.4 - If the above #1-3 are followed, the numbers read like this:   a - Your cost(s) are:         1 -  the DP and closing costs and,         2 -  the Mortgage Payments and Tax/insur per month   b - Your tenant/buyer (your income) gives you the Option Consideration and the rent, and           pays for the rest of the monthly expenses (i.e...utilities, etc...)5 - You profits are:   a - The spread between your DP/Closing and the Option Consideration   b - The spread between your monthly costs, and your monthly incomeJust don't mix the lease agreement with the Option to Buy agreement...in any way. 

One of the major considerations is the price you'e going to want to pay for rent or to buy.

As a buyer, I'd almost always prefer the "touch up" or "just replace the plumbing with pex" treatment, especially if it's a pre-war home.My renters (single guys) care way more about things like the height of the shower head and how loud the ceiling fan is than what anything looks like.

And central air has different considerations than window units with central air being more desirable as long as it is paid for by the tenants.  

@Nathan G. thank you, a lot of good points to take into consideration.

PACIFIC HEIGHTS!!!!

As well as general personal finance things to take into consideration. 

There's another group that is considerably cheaper and has good knowledge, GOREIA and it's up in Altamonte Springs.

Unfortunately that calculation is not taking into consideration the cash flow that is being purchased with that DP.