I will have about $60,000 left over once I pay off my debt to put towards my next primary property.

Because of this I asked the them for all of their financial info to prove they can fund the entire rehab with a good chunk of money left over in case something unexpected comes up. 

If you're looking at rentals then you'd need 20% down most of the time with reserve left over on top of that.

I am basically trying to determine what my net return will be, how much cash will be left over at the end of each month, etc.

So does it make more sense to avoid the PMI or take the PMI and use the leftover money to invest in more property.

The rest of the money that is budgeted is going into the reserve for CapEx, repairs, vacancy's for couple of years to build the reserve.My Conclusion:As long as the majority of my living expenses are paid such as: P&I, taxes, water/sewage, able to save whatever is left over for any repairs and/or CapEx, I should assume that I am House HACKING appropriately for the circumstance?

"In California, tenants pay bills in the following order: car, credit cards and if they have money left over, the rent.

“Leftover money is usually reinvested into real estate.”

Once the property has renters, the mortgage can easily by paid by the renters, with a little cash flow left over, with what the market value is for rents in the area for this size of duplex, etc.

This is an example below but easily could be done in the future of my business.I️ sell my free and clear property for 100K, which is what it appraised for.I️ purchase a property worth 160K for 90K and it needs 10K repairs and I️ wanted to use that 10K left over to invest in the property I’m purchasing.What happens in this scenario if I️ wanted to do a 1031 exchange.