@Angela SammonsI am not sure if you need any property management tools for one rental unit, but I would definitely open a separate bank account to keep the funds separate from your own.

Mine offers a discounted rate when I used them.

They are often used to finance large, income-producing properties and offer competitive interest rates and longer loan terms.

Based on the number of units and rental rate the reported cash flow was very light.

Minor tweaks to the assumptions can cause wild variations in the calculated returns.The proforma is NOT God.If one steps backs and considers the notion any of us have a solid accurate idea what the world national local economy or interest rates or the real estate market in general will be like in 5 to 10 to 15 years are a heck of a lot smarter than I. 

The best thing for you to do is find an assumable loan from someone with a super low interest rate since VA loans are one of the few loans you can assume. 

$7,000 is a reasonable rate for a good job with quality paint that will last 7+ years.

They could pass a new resolution not to allow rentals, or no pets in rentals, or no section 8 in rentals, or raise the HOA dues insanely high for a year until you sell it to fund better reserves for themselves at your expense. 

I do know that HUD posts rates and the local housing authority can pay between 90-110% of that payment standard for the particular zip code the property is in.

For the 10 year period spanning May 2014 through May 2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.2% in that period.A 30-year fixed rate mortgage is sitting around 7% interest, which is down a bit from recent months, but still well above where we began 2024:The Fed monetary policy and rate decisions remain the biggest single driver of the residential real estate market overall.