I know its near jersey village, I used to live in that area years back but its close to acres home which is a terrible part of town.

In our case he wasn't a terrible tenant, a little messy/dirty, but the big issue was his rent was under market and he was unwilling to pay more (he was in a month to month situation.) 

My credit needs some improvements, but it's not terrible (my utilization is killing it).

Terrible.

It's terrible that she has a sick family member, but you have to provide for your needs as well. 

Usually we try to put an actual number in there, but I don't think 120% sounds terribly unreasonable depending on the length of time you need to have all of the properties collateralized versus only the last couple.

It is almost always a terrible idea to find a generic form and make it work for your situation without consulting a lawyer.

It's time to choose a new flooring and I'm having a terrible time deciding.

The extra insurance estimate and those misc. expenses should easily be $100/month.Now you have:The house hack scenario:monthly income : 625monthly expenses for the rented half: -312.50 (50%)P&I (your mortgage): -569.32PMI: -50cash flow: -306.82Cash on cash return: 0%Full rental scenario:monthly income: 1250monthly expenses: -625P&I: -569.32PMI: -50cash flow: 5.68COC return: (5.68x12)/((109900*0.035)+3000) = 68.16/6846.50 = 1%If your goal is to house hack and shave off some living expenses, it's not a terrible deal. $300 for your "rent" isn't bad and is less than half of what you're currently renting for.

It's not a terrible decision, but I would have let them go and put someone in at market rate. $100 a month is $1,200 a year or almost one month of rent.