However, the rental market in Canton has been relatively strong, and I believe there is potential for decent rental income probably $3500, even if it doesn't meet the 1% rule perfectly.Cash Position: My cash position is fairly stable, but I prefer to hold onto this property long-term rather than pursuing another house hack immediately.

Please pardon my "verbose - ness" lol warmest regards shannon  Price it as a room rental or consider short term rental as guests don't need a full kitchen for that. 

LTV caps will range from 70-85%, although terms will probably be horrible at 85%. 

Hello,I am working on a project for which I wanted to get some information about the Loan Origination process.

One of our staff would calculate interest principal hand write it in the book and mail it back.. that went on for 5 to 7 years which were the terms of our notes.

The house is easily worth $305,000 and rents would be about $2,200 so at $220,000 it would be a great rental to add to our portfolio BUT, the contract says the buyer has to lease back to the original owner for 30 days and it will be sold sight unseen.

In terms of lease agreements you can tell the tenet to leave and at what point? 

But I also think the real gains in real estate are not in cash flow but in long-term appreciation.

Originally posted by @Wade Alderson:I am confused by the people saying this can not be done.

With my line of work not being around all the time I was curious of this since I would be able to manage lease agreements, advertising if needed, long term projects, rent collecting, and reporting.