If rates DO come down in the future you can consider refinancing, but don't forget there are costs associated with that as well.

I'm interest in attached 20'-22' wide 3 bed 2 bath 1 car attached two story. that's what we build in columbus as a single family and it performs very well as a higher density suburban style in Miami 

I was just thinking about hiring a collection agency as well.

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Previously, I dedicated many years to selling custom and semi-custom residential properties for a highly respected and well-known builder in Atlanta.

I'm in Spring as well.

My response to the tenant was that expressed concern meant risk was known beforehand and proper steps should've been taken to protect property regardless.

There are calculators online but make sure you are familiar because I get a lot of people call me because their loan officer failed to run the numbers and they are getting ready to lose a deal or earnest money.If you want to go FHA you can always put more down but I would take a look at Fannie Mae as well for High Balance areas.  

Home warranties don't work well for rentals.

Your question has me intrigued as well.