Coverage and terms may vary depending on the type of warranty you purchase.  

This has been a side thing for us, and our accounting has been old school manual spreadsheets, along with rent collection varying from tenant to tenant (Zelle, PayPal, cash app, etc…) neither of us are great at keeping up with accounting which makes tax time a nightmare.

I mean, I'm seeing a large annual cashflow loss on this, but depending on market dynamics, you could come out ahead?

For instance, if you expect to get the money back because you found a home-run BRRRR deal, this would make perfect sense.It also depends if your first property is a primary residence. 

Of course you can make that kind of money but it really depends on how much money and time you want to put into the project.

However, a nuanced understanding reveals that the impact varies across different sectors of the market.

Ross, it all depends on your qualifications.  

From what i have heard, taxes 2% of the sales price, insurance varies between $3-5k, and HOA also varies.

Cisco,It really depends on the loan type.

I hope to build enough capital to eventually invest at home.Thank you in advance for your response. 100% completely depends on local market.