paying mgt any landscape/snow/utilities?

She does not own the lot and pays like $150 per month lot rent.

Will it pay the full PITI plus Capex, management fees, maintenance etc?

I'd start the refinance process right away, or just pay it off, or sell. 

In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

Seller was behind on pay HOA payments and in risk for losing the property.

Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.

I obviously want to pay the lowest taxes over time.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.