They disagree when they want the house cleaned as I didn’t establish house rules assuming they are adults and would figure it out.

Call their referencesObviously you have to be extremely by the book in terns of equal housing opportunity...From there, when you sign the lease, expectation setting is big.

I compared notes with an AZ investor and his property tax is half of my Indianapolis suburban rental (owned almost 11 years) and his house is worth twice as much. 

I think living in the house for a year would be beneficial, too, because you would qualify for a lower downpayment, but you would also be able to get it set up yourself while you are living in it to save even more money.

If the tenant is smart, they know they can take you through housing court for this and just simply stop paying any/all rent & fees owed. 

If not, then the 75% rule can apply but only to offset a maximum the housing expense for the subject property with no additional overage to help your debt to income ratio. 

I paid 220k for the house and put 50k into it and would likely sell around 380k-400k.

I do love old houses so much!

Purchase price: $75,000 Cash invested: $125,000 Concrete House 4 Bedroom 1,700 Sqft. all Renovated, in a 5,000 sqft Lot.

There are very good books on flipping houses, you can order them here on BP.