Our PM software (Appfolio) allows for rent to be paid by credit card (as does most consumer payment software like Cozy).I see a lot of people giving advice on their new higher qualifications and would ask how much vacancy they are willing to have to find an applicant that may never come along. 

Purchase price: $125k - 5% down conventional Rehab - About 5-7k to date to make the home updated and more modernMonthly payment: Total PITI - $880 Girlfriend pays me $450/month in rent Plan- After 6-8 months Refi out of the Private Mortgage Insurance (PMI) lowering the costs and possibly pull a HELOC (Comps are in the 135-165k range within 2 miles)After that, either stay in the house for 2 years to take advantage of Section 121 tax law - avoiding capital gains or move on to another house after 1 year and putting a tenant in this house My first house remains rented out and I plan to either utilize the house as a Air BNB when my tenants move out or try the Section 8 strategy What's Next?

Question for Cozy users.

Heat is an issue there, so I'm guessing central air is going to be a big deal....just stuff like that.

By renting out a room to a friend instead of air bnb we are able to have someone there keeping an eye on the place 24/7, we don’t need to manage people coming and going, and we have been able to keep all our stuff in our house.

That said I'd rather put the $10k into a house than see it vanish into thin air.

It depends on the area, but you can expect to get close to market rent +/- amenities your unit has (ceiling fans, fridge, washer/dryer, central air, etc).

Five kids sharing 2 bedrooms (assuming none are in the bedroom with the parents) would be cozy.

Pete and right now there are many investors who are sinking with too many Air BnB's and no income for them. 

The “air noise” like talking and TV is bearable but the “impact noise” from the floor above seems quite loud.