If rates DO come down in the future you can consider refinancing, but don't forget there are costs associated with that as well.

I have been renting houses out for over a decade now and this has worked well for me.

I was just thinking about hiring a collection agency as well.

I'm interest in attached 20'-22' wide 3 bed 2 bath 1 car attached two story. that's what we build in columbus as a single family and it performs very well as a higher density suburban style in Miami 

Your question has me intrigued as well.

Harrah’s Cherokee casino is just up the road and Great Smoky Mountain Railroad is a draw.

There are calculators online but make sure you are familiar because I get a lot of people call me because their loan officer failed to run the numbers and they are getting ready to lose a deal or earnest money.If you want to go FHA you can always put more down but I would take a look at Fannie Mae as well for High Balance areas.  

Home warranties don't work well for rentals.

Neal Bawa is pretty well known too and said the same thing.

I'm in Spring as well.