That puts you ~$110 in the red each month.Even if you squeak out a bit of cash flow, what happens if there's a special assessment by the condo association and years of cash flow gets wiped out? 

You have to have a 2 year history for conventional financing.FHA regularly goes to 50% debt ratio (and above for a file that's manually underwritten)The appraisal process for FHA is no more complicated for a conventional loan.Interest rates move daily and FHA and conventional are compatible. 

any special assessments you don't know about?

I am a realtor here in the Boston Area market and we are trying to assess what Landlords are gearing up to do with the possible massive relocations that is looming. 

I have a 1,135 sq ft single family home I’m looking at in Pennsylvania. 2 bed(potential 3 if we fix up the attic a bit) 1 bath small backyard and the property seems to be in mint condition. The current tenant maintai...

It's currently assessed at $623k.

I’ve seen landlords also screen for what type of occupation prospective tenants have to assess risk.

As I'm utilizing the BP calculators, especially the rental and mortgage calculators, I'm curious how to properly assess the annual taxes and insurance when running the numbers.

I have the dual goals -- not necessarily compatible -- of a) getting some foreign investment going and b) spending a fair amount of time out of the U.S. 

Screen your tenants, have good property management in place, hire a Realtor who can assess homes block by block & you should be in good shape.