I'm located in Northeast Georgia, and we're currently seeing a trend where specific incentives are being directed more towards covering closing costs rather than rate buydowns.

To address potential future problems, wouldn't a homeowner's policy and/or home protection plan cover any occurrences?

See if there is anything you are missing but you do have a lot covered.5.

Want to use lending to cover down payment and other expenses.  

Account Closed    For a conventional loan IF the rental income is not on the tax returns because, for example,  you purchased the property in Jan of this year you can use 75% of the lease to cover your debt.

I also covered this many times on BiggerPockets Facebook Live events if you can dig those out from around 2020 and 2021.

If you are doing either subject to or contract for deed transactions, please make sure you have your own representation in those transactions to protect yourself!

Our rents were covering expenses with an extra $100 or so after paying for everything.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

If the lease covered a leap year, would it be more than a year because it is 366 days?