I had to fire my previous one who was terrible about service and am so happy I did.Other - I'd add a recurring pest control, which is about $85/3months so a little less than $30/month.You should self manage and self pest control while you live there.

And lastly, is this a terrible deal?

Something that came to mind for me is the San Antonio area - it's not a terribly far drive from other major metropolitan areas, has several universities within and around it, and has a lively culture. 

I've got my popcorn ready for the show.As Willy Wonka says "the suspense is terrible, I hope it will last". 

I'm wondering if it would be wise or a terrible choice to try to get a loan for the higher downpayment to do seller financing?

I paid almost half as much per unit vs yours but am taking only a ~25% rent hit.THAT SAID:  If you can get cheap 30 year money on the home and are sure you can get that $3k, it's not going to be a terrible deal. 

Gross leases are terrible to manage and impossible to exit.

There is terrible terrible advice from clueless people in here.

The reason being that most high return properties are in terrible areas that will not gentrify in the next 15+ years.

I guess the real question was is PMI that terrible to start investing in properties with because I will not be able to pull equity out of the house to start a second property.