That is a good point however even with 20% down and no PMI, I don't see how this is going to have a positive cash flow.

Once you get one property and the income starts rolling in I imagine it would have positive impact on your DTI by raising your income more than the new debt. 

Hello,I am in a position where my Dad would potentially be willing to let me use some of his reserves as "backup" as you might say as I invest in properties since I am not cash heavy. 

I have worked my life to get into a community service position and am far less satisfied with the limited help I can provide in my full time dream job than I ever thought when I was a kid dreaming of it.

If it gives you a good positive cash flow and it's a long term investment, you might want to just hang onto it. 

Don’t be afraid one bit to speak with the bank your most familiar with to learn your position and buying power.

Insurance is a net positive for the tenants, in case of theft, accident, fire or flood damaging their personal property, etc. 

I cash flow it every Month at $1,000 for $12,000 per year positive cash flow.  

It is the first positive step toward investing... even though it is in the opposite direction. 

I'm not positive if it does or does not export to Quickbooks, but I know it at least exports to Excel.