I just wanted to get some extra details to make sure I'm relaying the information correctly.

This is also why you had strategic foreclosures during the GFC out west.. folks upside down they know they can just walk with only credit dinged.. so they live for free as long as they can then move on ..

At best these folks lack good judgement which to me makes them a bad tenant.Remember, a vacancy is a blessing compared to a bad tenant.

You'd just need to be extra diligent about your research and have a solid team on the ground there.

Once you have the difference, assuming that both options fully pay the mortgage, consider wether or not all the little tasks you do daily while self managing are worth the extra income.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I know that what I'm asking is high for a 1 bedroom, but it's really large (1,200 SF), and has 2 extra rooms (altho they shouldn't be bedrooms because no windows). 

If you're not one, then you're not eligible apparently.There are other down payment assistance loans available however for folks not first timers.

All the county told me is that I'll have to do some landscaping work, add extra parking spaces, but I don't know anything about the stormwater plan. 

This is the stage of the process where your lender can issue your loan docs out to escrow/title/settlement and these folks can schedule your signing for closing.Before it can reach CTC you'll need to make sure all income/assets/credit remain the same so that means no changes to your credit that are bad or adverse, no job or income changes ideally, and hopefully those funds you've set aside to close with are still "there," so we can keep this closing on track.If you had any questions left feel free to fire them off.