@Thomas Rodgers- thanks   1) the  breakeven  will depend on what your mortgage payment is  and  also what your market  can bear    2) using a 3 % conventional loan will likely  leave you  with a lower payment than using a FHA loan plus  you can  try eliminating the monthly mtg ins on a conv  loan  in the future  ( which cant be done on a FHA loan )   3)  Back into what the mortgage  payment  needs to be  in order to  break even  based on a  realistic rent amount  ..then  figure out what loan amount  corelates to this mtg payment ...if this loan amt  works  for  being able to  buy a property - great  ...if the loan amount is way lower than  what is needed to buy a property at the  dollar amount you see as  realsitic  -  yes - wait and  put more down   ( fyi - alot of this  analysis  can  be   done  by your lender  so  get pre approved  if you arent alread - good luck

Which rules should I eliminate?

If successful this would eliminate the need changing locks between tenants, extending the life of the HVAC system, provide convenience to the tenants, etc. 

By putting the captial gains in a foundation and donating 5% to a charity, we would eliminate the pass through income gains.

However, If you do all the repairs to eliminate the violations you can go to court and have them lowered to 10%. 

For example, in the original photo you can see that were were 4 windows in the front of the house, we kept that same patterns and just eliminated one of the windows to better frame it up and the living room. 

EX: Min Credit Score 750 would eliminate many applicants - you could then choose to lower your criteria if you received a great applicant that was at 725, etc.

It took about 4 months to find it as my search criteria was pretty strict, but it needed to be since it was my first property and I wanted make sure I eliminate as many potential issues before purchasing as possible.

This has eliminated my need for a website.

All these actions to eliminate accountability are the disease.