Brian Kraft I think what you have to start with is variables that you know: what they rent out for today, property taxes, vacancy for the area, insurance, PM fees, etc.

You could do that or buy a 1 to 4 unit home and get a "house hacking" loan that is insured and only requires 3 1/2% down payment and usually about one year minimum move in/occupancy in 1 of the units. 

The downside for you is perhaps some things will be more expensive like insurance is a little higher but again nothing astronomical.

In it is a section on Indemnification insurance, 20.B for those of you that have it.

I let my contractor registration and insurance expire this year because I have nothing planned in the city proper for a few years.

At the very least, I'd like to try and match up my mortagage/hoa fees/insurance/tax to what I can rent it for.

Be aware of the title chain and insurances.

Hello, I am looking for a good rental home insurance agent in the midwest who covers Alabama, Tennessee, and Indiana.

They base value off comps but they probably still look at debt coverage service ratio

Contact your insurance provider and see what they will cover and the cost of that coverage before considering purchase.Unfortunately a pool has a negative impact on the bottom line not positive.