Usually they break down their standards by zip code and need for the area. 

The seller needs moving money, there are oftentimes an arrears that has to be paid on the loan, there are oftentimes HOA fees that are due, there are title costs, there are escrow costs, usually there is deferred maintenance, you have to make mortgage payments out of pocket until you get a renter in there, you have to pay utilities and taxes, and you need reserves in case it all doesn't go as planned.3.

Keep in mind, a typical 1 br apartment (intended for 1 person or possibly a couple) is usually 600-800 sq ft.

I think it's worth the few extra $ to use some of the tools available.

They don't ask for a down payment, but they usually have higher interest rates, shorter repayment times, and stricter rules compared to regular mortgages.

You learned in one deal what usually takes 3-4 deals! 

(if this was not a long time or forever home for us, I would have built a 2 bedroom adu (probably an extra $20k to our budget and that would rent for about $2,500 here) and then maybe a jr ADU to the main home for another $50k and that would rent out for about $1,500 per month. 

If you are having a tank problem NBD, can usually be repaired $1000 or replaced around 5k very simple, easy permitting.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

usually month to month is 30 day notice.