I went out of state (Kansas City) last second and glad I did, it's worked for me so far.... and in theory had I deployed the capital needed to make a mortgage same as my rent I'd EASILY be able to cover my rent and then some.I will lose the appreciation game, but I was never into that for investing anyways... plus I have the freedom to move as needed when life happens IF I need to even if that's not on the table now.

If not you need to increase CapEx to cover potential major repairs.  

You could equate it to if you hired a landscaper to mow the lawn and they broke it their insurance would cover it not you.

I think I have all my basis covered except one thing. 

They're just trying to cover their costs and make a profit which is smart and you should want them to be successful too. 

You need to be producing funds from an apartment deal where all of the tenants will be covering your business expenses and your debt payment without you having to come out of your pocket. 

So considering that (even with a solid PML) you still need some source of capital to cover holding costs and the other various costs associated with owning rentals. 

After you're done in there just put a vent cover on the outside to make it look neat.

Legally you are not responsible for paying the agent's commission (the seller is), but in practice you will have to pay the seller enough for them to cover the commission more often than not.

Since the lender, and almost all lenders with insure their DSCR, or Debt Service Cover Ratio is met.