Minimum monthly is $350 but I usually put a little extra to about $500 just to work it down.

Since I have been paying extra on the principal amount aggressively and the house value has increased quite a lot, my LTV ratio will be less than 80% with a new appraisal.

Can you afford to pay the extra both for the mortgage and taxes? 

What happens if the tenant does something illegal using your internet or if you have extra costs?

Make sure you tell the truth about past convictions.

Some of this will be about your own confidence in how wisely you use that money, because of course taking out debt (and with the extra costs associated with it) can be dangerous, but if you're smart about it, taking that mortgage out might be the reason you're able to succeed later.

BUT, the town had it listed as a 0 bedroom, and we cant add an extra bedroom.

I would encourage you to look at your broker exclusive agreement becuase that may add restrictions as to what you can do without paying extra money.

I had a (new) tenant recently who called me the day her rent was due and said she had a car issue the previous week and needed an extra 10 days to pay the rent plus late fee.

Textured papers and unique designs can help give 3D illusions and therefore extra space, while designer paper from leading fashion houses can create great looking focal pieces without having to invade your space quarters.9.