It was affordable enough for me at a young age.

Rents have not been raised in 2 years so there is meat on the bone.

An accepted offer gives me an equitable interest in said property which allows me at least in my state to advertise it. 

They are great tenants very low maintenance so I don't want to lose them but I'm definitely leaving some meat on the bone if I keep rent the same.

Often the rural projects are discussed with the zoning people and a green light given with far less aggravation.But it also comes down to how much meat is on the bone so to speak. 

Get the current owner to put a lease in place and give you a copy before you close.Otherwise you might get stuck returning a giant deposit you don't know about...or the tenant conveniently finds the lease that is now for 2 years at a super low rate.No lease does not interest me at all.

If you only want a student to live with you and screen out everyone else, that potentially puts ME at risk for a fair housing violation.

Feel free to reach out to me at any time.

Do you mind messaging me at yahoo so we can chat.

Q2 Calculation seems fine to me at a quick glance--- except typically the mortgage payment expense would be included assuming you are refinancing (this would drop down your cashflow).