Reserves will not help you for long if you suffer a permanent loss of cash flow.

Since its been on the MLS, refi-ing into a decent permanent loan is going to be very tough and time consuming.

I can't think of a single part of town where this would not be a more advantageous way to live, at very low life impact.The advantages of this are fairly immediate and last forever if you keep the property, and you can literally do this for a year or two, and use the rental income to then pay for the bigger nicer house you want to live in permanently or raise a family in.

Stabilize and refi into a more permanent financing product in 12-18-24 months 

I've had brand new houses fail for the most inane of reasons. don't argue either, always better to have friends, schedule the reinspection the next day for asap, then be done....be flexible with a security deposit.3. include a microwave, if you weren't already. get one for 40 bones and put it on the counter. slight bump in rent4. you can do better from a title co perspective, just tell them what youre willing to give. every deal they get is one more than they had and costs them little. pigs get fat/ hogs get slaughtered.

You deserve a big fat deal like this.

When do fat in the body is more dangerous?

Again $1,000 to a licensed contractor vs $300 to a handyman would have save a child from permanent scaring and $1.3 Million on the property owner.

It seems it would be a permanent boost as that information will be on their credit report forever. 

You simply must ascertain if the guest is permanent or not.