If you have any other questions or need further guidance, feel free to reach out!

The expenses of the mortgage, property taxes & insurance and HOA (if applicable would have to be at or below the number- in this example, $8,000).

An investment property only requires 15% down even up to 4 units and only 10% down for a Second/Vacation home.When you talk to the Bank for example we run the numbers to ensure you have enough money to cover downpayments, closing costs, renovation/repair money etc. 

It’s a learning experience and not a costly mistake.  

I've done it, the market does not reward the effort and the cost.

When standards are equally applied to all applicants there can be no violation.

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, we rarely need to evict, and one of the reasons for that (other than a consistent 21-point tenant screening process) is that once the tenant recognizes that you are serious and have a consistent process in place they respond in one way or another.One more thing - I suggest you don't accept partial payments, as this can delay the process as well.Feel free to reach out if you have additional questions or if I can assist in any way!

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Feel free to reach out if you want to discuss anything else.Jackson