Not saying you did, but often people love to quote the cashflow but conveniently leave out capex, which can be considerable on a bunch of individual houses. 

An important consideration for a SFH is separation of utilities. 

Some considerations:1.

And I dedicate equal amounts of mental time and energy to either consideration, the appropriate amount, ZERO.

I think having the flexibility to choose what weekends my family or friends wants to come into town out weights the consideration of putting a tenant in there full time.I have researched a bunch of things that come into consideration before starting this and I would love thoughts!

We cringe when we see people who model assets through rose colored glasses especially when they have little money.As you mention leverage can be your friend but you also need to make sure you have considerable amount of cash to cover the types of expenses etc you mention.

Here are a few key considerations to help clarify why many investors opt for financing, despite the risks involved:Leverage: Financing allows you to leverage your capital.

You might find that "saving" on taxes is small compared to what the property might be worth (talk with a trusted real estate agent who knows the area and can give a projection of property values).Don't forget to factor in closing costs (real estate fees, pro-rated property taxes, etc) and take into consideration your other income and/or investments. 

@Tatyana Sherban Considerations are speed, imterest rate and other terms, hassle and complexty of getting loan, and in some cases probablity of getting loan. 

a lot would have to do with whether or not your grandparents estate went through probate; whether your grandparents had a will; whether financial consideration and the amount of consideration was paid for the property by your uncles; any other relatives and who they are; state law for inheritance if your grandparents died intestate, etc.