Definitely utilize this benefit while you can.

However I believe I’m paying mortgage insurance so my payment is around $1050, can possibly rent it out for 1200-1300 plus utilities.

The others have had their host of issues (none roof-related from what I learned in conversations with them).It appears they used some sort of metal instead of the more common ice storm shields used today and they just didn’t use enough or it’s failing.

Repairs, Supplies, Utilities, etc., so you can easily find them.

@Cameron Belknap FHA loan rules in HUD 4000.1 mention not counting the basement as part of the Gross Living Area; however, part of the FHA requirements found in HUD 4000.1 includes a section on “converted spaces” which states:“The Appraiser must treat room additions and garage conversions as part of the GLA of the dwelling, provided that the addition or conversion space…is accessible from the interior of the main dwelling in a functional manner; has a permanent and sufficient heat source… and was built in keeping with the design, appeal, and quality of construction of the main dwelling.”Furthermore,“The Appraiser must analyze and report differences in functional utility when selecting comparable properties of similar total GLA that do not include converted living space.

The home is said to be utilized as an extended family home and likely not situated for three separate units.

I charge 650 ech for 2 of the bedrooms and 700 for the other 2 larger bedrooms and walk away with 2700 a month. 1800 goes to mortgage, and I pay utilities and the end result????

Are those numbers and 3/4 bed room rentals common in that area?

Will I be able to only put 10% down, says it needs cosmetic repairs, it’s in Florida and doesn’t have central AC , and Idk if the utilities are separated which is big for me.

I very common mistake is to get estimates on expense that do not include everything and then be "surprised" by unforeseen expense.