This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

At $2450, it will cover those expenses.

The most important thing is to ensure your loan is covered in the event of a loss.  

However, if the FHA interest rate is lower, I would still go that route and if rates drop refinance  however keep in mind FHA has PMI for life  Here you go FHA has the self sustaining requirement that requires the three non owner occupied  units to cover the entire PITI which with 3.5% or 5% down is virtually impossible with today's interest rates and price level.

If the rental income from your condo can comfortably cover your mortgage and leave you a little profit, moving out might make sense.

Originally posted by @Mitch Wittman:So will the Fund & Grow along with using Plastiq method to cover the whole purchase price of a property work?

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

If the insulation is in decent shape and not covered by combustible insulation, and not terribly overloaded, it might last many more years.

Is all this covered pretty clearly in the gov't handbook for landlords?