The biggest downsides are that they usually have higher rates and require larger down payments.

Many here are most likely in this asset class and have dealt with evictions so they favor a larger guarantee and don't mind a hefty turnover if the tenant stays 5 plus years as the higher grade areas there will be more turnovers than that though the charges will be less per turnover. 

If this is your entire savings, it might be worth waiting and building up a larger safety net.2.Savings Potential:How quickly can you add to your savings?

.- Rental loss - PadSplit claims they collect 97% of rents, but I've spoken to a few hosts who have said that a much larger % of their tenants get kicked out owing $500 or more in back rent that is rarely ever collected - what's your experience been here?

House hacking with two children can be tougher than expected because you will always need to take a larger or the largest unit which will reduce your cash flow on the property even more.

NOTE: A lower OER indicates a more profitable property as a larger portion of the income is retained after covering operating costs.Hope that helps!

Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process. 

There are 2 types of people who dog on Detroit.. 1.

I was under the impression from other posts on this topic is that there is some smaller introduction class and fee and then the larger fee and program come thereafter.

Recent renovated comp was larger, but on a PSF, we would should have made over $100k.