This money I can borrow privately at 2%, undetermined term but I would hope to refinance once the property was up to par and rented out.All in: 110kSo that I'm not misleading, I'll say here that the area is probably C-, right on the east edge of Washington Park for you Milwaukee natives, and that this could pose difficulties (or perhaps scare off many investors?).

She comes to my house, if you have such difficulty trusting people you can put up nanny cams.

I am looking at low down payment owner-occupied options through a portfolio lender at 5% with PMI, that will go away once reaching 80% LTV (so will get some extra cashflow after approximately year 7).In my analysis I account for Expenses including (common utilities, taxes, property management (10%), Long term maintenance (10%), short term maintance/repairs 95), legal, misc, vacancy (7%) etc, etc.)

Did you pay the extra and was it worth it?

This is a small home and I'm just using the extra cash to help me through college.

Many pets will be hard on your unit and you want to collect money for these extra upkeeps.

So glad we didn't waste extra time and money accommodating them.  

Just a few extra thoughts based on some of the additional comments. 

Make sure their security deposit is sufficient to cover the extra turnover costs and your extra risk.

If you are already in position and have the time for the extra job, flip away while saving the cream of the crop for investments!