@Steven Schafer don't fall for those tenant negative stories about PMCs.A significant portion of these tenants are really complaining about being held accountable to the terms of their lease!

The national banks can't think outside a small, Maru-sized box.Let us know how it goes.

You'll have same issue but at a different portfolio size, that's it.

We're skipping the refi portion and just leaving it as a paid off home. 

If there are no such rules in your area, I still recommend a separate escrow account for each tenant's security deposit; there are some banks that have "master" escrow accounts that allow for each tenant to be a "sub-account" under the master - this is also a good way (maybe even better if you scale up in size).

The size of the house is about 35'x 22'I do not need a full 2nd floor.

Go to zillow and look for rentals in the same neighborhood of about the same size with the same number of beds/baths.

You can use a portion of the rents to qualify, but you'll still need to meet the requirements of whatever type of loan you're applying for.

Thanks all,Preston Henman Define your buy box, which area , what price , what size , how to finance based on your risk capabilities.

There are a lot of investor interest that does not come from BP so I think your sample size is just pooling from one source