What about maintenance, taxes, insurance, or setting aside funds for capex?

This is a conventional loan where they also cover your PMI (private mortgage insurance).

And given #3 above, it leaves about 20% of rent for all other expenses like property tax, insurance and other PM expenses like leasing fee, eviction fee and other minor expenses like for e.g landscaping, pest control etc.

Quote from @Robin Cloud: It's hard to make a decision based on this.

Best of luck with your decision!

Bernard- Akita- Wolf hybridsUnfortunately, these are prohibited for insurance reasons.

My principal/interest, escrow, and insurance is 1570, and my HOA is 306 and it includes water.

Not only that most of ours we saved within 1 to 3 days of the sale so it was hair on fire getting the reinstatement back to the trustee.. total risk on our part.. give the seller some money we always did.. and then record the deed  WE did our own deeds in house.. buy without title insurance etc etc.  

Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.

Factor in carrying costs (utilities, taxes, insurance).2.