I expect cash flow AND a reasonable expectation of appreciation.

It was my first home with my family and after having to transfer out of the city for work, the most reasonable thing to do was to turn it in to a rental.

If we don't set it up for all guests to have a reason to read our house rules and info sheets, the host who booked may know them, but no one else often will.

@Tyler Amnott the reason I moved to the market I am investing is was based partly due to the high demand for section 8 landlords.

There is no reason for an end-buyer to be paying them anything at all, much less $1575 down and $149.63 per month.You proposed an After Repair Value of $45K on the high end.

My question: is it cheaper to go conventional with more down vs FHA with 3.5% and for some reason I ended up costing me a lot more this time around......any help or advice would be appreciated, I feel very stupid for making this bad move on my end.

your post is another reason to Hire a Property Manager, they know what to do and how to follow it through according to the law, the Laws are changing quite rapidly its hard to stay current, thats what a PM is for its there job to stay current.

The assumption that a leak directly above was causing lumber in the wall to rot seemed reasonable, but even without the leak, I don't think any of us would have expected a foundation issue like this. 

The very reason for a generic rule of thumb.LOL Thought Id post my expense averages over the years and remind folks that a 10% PM fee is way too low at least until occupied and stabilized.

do you have to finalize the sale by December for this reason?