It is hard to say without going through the entire underwritting process and most lenders give a range for rates and costs.

I intended to write the lease to hold both financially responsible regardless of occupancy (effectively making her a co-signer), but I’m worried that I’ll end up evicting him if she ever does move. 

Welcome to the forums Raymond!

Sometimes people order subscriptions for data, information, services and later decide not to renew.

I was thinking about pulling 100-150k out of my house (currently owe 150k but worth 600k) to buy something to rent.

As an agent, there is no reason to wholesale.

Opex has been a huge hit to most property owners in all shapes and forms, myself included, but to know to keep your back wide enough to cover your own you'll be able to navigate these waters just fine. 

This is the simple playbook that tons of Americans have used to build wealth over the last 2 decades:1.

Purchase price: $293,000 Cash invested: $293,000 A location that has potential to develop into a residential super power with excellent road connectivity to the rest of the city.

Bringing uneven cash flows back to present values to cover debt service and ROI can get to be a complicated issue.