Which means, as long as the total gross rent covers, the anticipated principal interest taxes, insurance - you will have a greenlight for funding, good luck!

Possibly cover the cost to evict as well.

Focus on screening for a good solid tenant or tenants and you should be good for some time to come!

Keep in mind that the mortgage payment covers the principal as well as the interest charge.

Hey @Jeramey Rogers, what does the special assessment cover?

I don't think I'd do that for someone for free either.For screening a PM though, I'd ask people I trust for referrals.

.- Clean off roof- Power wash house- Remove screens on front porch- Repair front steppers (remove broken, re-lay and level remaining, power wash.- Install flower beds to left and right of steppers.- Repair wood rot as necessary, specifically seen in the soffit.- Repair / replace soffit screening as necessary.- Seed lawn as necessary, especially after tree removal.- Repair as necessary the water tank shelter on left side of house.- Remove awning from back left corner of house.- Remove rear fence.- Repair rear porch as necessary.- Paint front porch floor gray.INTERIOR:General:- Paint throughout, space gray, with high semi-gloss white trim.- Replace electrical outlets, switches, plates with new white.- Tile throughout (bathroom will get different tile.- Install new windows throughout (18), install new trim and replace rotted or damaged framing as necessary.- Install new white vent covers throughout.- Install (brushed nickel?)

She does not have money for her expenses and is borrowing at a high rate of interest which is becoming impossible the idea is to sell my cousins rental property take a boot to cover her expenses and the rest ($750,000) do a 1031x.  

Yes, it is possible and you would need to look under IRC Section 121 which covers primary homes. 

This is my first time as a landlord screening applicants.