This means there are scenarios where it's easier to get a big fat giant 30 year mortgage than rent a place for a year... go figure.Those are the big ones that need to be navigated, other than that it's pretty standard FTHB stuff.

And by the way I’d love to stay connected and bring value to your business in any way I can in the future. 

The practice creates enormous bad faith with renters, and that bad faith turns around to bite us all.Pigs get fat.

Also my goals are to learn how to get out of the rat race so i can, in turn, bring many other people with me along the way.

Always open to chew the fat and meet another investor.

Total expense = roughly $ 16,000 Profit - $ 5,550  X 12 = $68,000ROI = Roughly 9-11 % A lot of fat to trim here . on top of that , a refinance in 18-36 months down the line Thoughts , ideas ?

I have not yet read J Scott's book yet (I plan to) but saving money where you can, in my opinion, is very important to help your bottom line when BRRRR'ing. 

If he ever leaves, get what you can in damages, fix and hope for another long term tenant.

Based on what kind of answers the caller provides, you may be able to save both of you a lot of time and energy.Trim the fat before you cook the steak, not after.

I've been reading, researching, lurking and learning what I can. In