I meant net revenue, not net profit.

It sounds like these properties are only meant for city employees.

I didn’t even know what subprime meant until much later.

Sorry I meant property income . . .Don't they want to see at least a year if not 2?

People sometimes only remember how you made them feel, not exactly what was said or meant. 

There may be some legal and title complexities that arise if there is an open escrow and they sell the property to someone else after you.Personally, when faced with a similar situation regarding the release of an EMD I made it clear I would not budge, even if it meant the money sat in an escrow account for years... they eventually conceded.   

I Kari, I think I accidentally posted to a Lisa, but my post was meant for you.

The  low appreciation and rent growth meant return was not increasing in inflation adjusted dollars.  

Assuming you meant after-interest, the returns look great but well fall as you do scheduled debt paydown (so your equity, the denominator, grows).

Hey Mica,There's a load of good thoughts and things to think through in some of the other responses, and I'll add this:- when you are house-hacking it is fairly fluid and normal to be the live-in-PM.