On the above mentioned $200K / 4% loan you will pay $144K in interest over 30 years paying by the amortization schedule.

Quote from @Violet Cobb: Hey Michael S Brown, and everyone else who has mentioned me in a comment on here.

I have heard the name of one of the founders mentioned in the past and they had a good reputation.

To expand a little on what is mentioned the underwriter's guideline, a DIL does not extinguish subsequent liens, so if the borrower has judgments against him/her/it that attach to the property, the DIL grantee takes title subject to them and may have difficulty getting them released later without payment. 

I think the heating cost that the OP mentioned is reasonable and typical.

With no mention of price, location, rent etc.....

The plumber noted that despite the faucet being left on, there had to be a blockage to cause water to significantly overflow as it did, which is what should be reported to the insurance company.But, as I mentioned in the intro, there are a few issues here.

@Brad KanouseYou've gotten some good info so far from Arthur and Dmitriy and I wanted to add in some other things to think about as well.1.Self-Directed IRA (SDIRA): This is what @Dmitriy Fomichenko mentioned, and he's right, it could be a self-directed IRA or a solo 401k.  

My plan is to use a low down payment conventional loan, and with the factors you mentioned, it’ll likely be tough to find a property that breaks even.

He mentioned that he’s a "humble realtor" and that his wife is the "broker" who knows all the answers.