The following is an expert from an article on Brick Underground that explains it really well.Can I rent out bedrooms in my NYC townhouse to help pay my mortgage?"

Landlord foot the rent for 2 years to tenants who did not pay rent (well they paid 25%) to remain in place while tax payers foot the bill for reimbursement.

The loan insurance is in case we dont/cant pay back.

All told, the GP is making $337,500 just to arrange the deal (not including their reimbursement of any out of pocket costs they have already covered: due diligence costs, broker costs if they are paying anyone to bring them deals, legal setup costs, etc).  

Aside from paying taxes, there are a lot of people behind the scenes that we rarely see.  

My best advice would be to calculate how much you would need to spend on food and determine how that number relates to the amount of rent you are paying.

How much should I pay this person to manage the project and hire subs?

Bravo & congrats on thinking this through for the long term in filing your taxes with the income on there so it qualifies for ongoing income in the long run!

But they're the only ones staying and paying rent!

All in all my contractor quoted repairs around $2k.Am I able to withhold from the security deposit to pay for repairs?