I am putting 20 % down ( 90K) but I see there is about 27K in fees and closing cost.

You don't think they will want their insurance, which I assume they've been paying out of pocket for many years since the house was build and owners never paid, to cover the cost of a new roof and fix the leak which appears to have been there since the house was built?

Money you can put in your own pocket if you know where to go with a deal.I can’t say if the cost for their training is better and more organized than reading free information available to you.

How can i figure out cost?

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

Hi Christopher,These calculations are pretty standard on 1-4 Unit properties..Income/(Mortgage+Taxes+Insurance+HOA) = DSCR RatioHowever on commercial properties some lender may take into account vacancy, upkeep and other costs.

But why would you buy one property in an area you are likely to leave and then have to manage a one-off (not cost-effective)?

Well worth the extra cost to have a product that lasted 30 years.

Sub-par work, cost over-runs, undisclosed delays and work beyond their expertise?

Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.