It filters the crowd. 

See numbers below...Purchase Price$121,000Rent$1,200Appraised Value$125,000Mortgage Balance$93,553Vacancy$100.00PITI$746.97Maintenance$50Future Cap-Ex$100PM$120Lease Fee$83.33Total Monthly Expenses$1,200Projected Cash Flow-$0.30I'm interested in possibly refinancing to reduce the mortgage payment (increase the cash flow).

Buy Rent Refinance Repeat Keep in mind my market is less expensive.I would buy a dated, but functional SFR at below market value using the 100K for the down payment.

I typically see filter changes 9months to 1 year depending on the usage and how bad the water is.

Said lease/rental agreement for the property located at__________________________________, shall become null and void, once consideration has been given and terms and consideration are complied with, as described below, and this document is executed by all parties.

The market has only gone up in that area since then so I figured the comps would be low if anything.

Is it possible or even worth it to pay 14,000 additional (142k-128k=14k) to get us below that PMI immediately?

Yes, (sadly) it is small potatoes and below the threshold.So now I guess it is a matter of which state to form in.

Below is pretty much what I have done.I used to have a different account for each property with my Credit Union.

If you are the buyer, then you want the appraisal to be low because you will get the property for less.