The reason it doesn't work well with SFR at higher prices is because the rental price usually isn't enough to offset the mortgage payment.

Anyhow, it would be YEARS before I could get all of the licensing needed, and I am learning an incredible amount and would hate to give up this opportunity or have anything negative happen from this.

How long does it usually take to set everything up?

From there, you can cross-reference (I usually have the main corner streets and count how many in it is from there or something similar.)I've attached a pic of one as an example.

Initially, it looks like you will have a slight negative cash flow after that cost of the water/month. 

@Shawn Evans I am unfamiliar with those particular lenders (that isn't necessarily a negative; there are a lot of lenders out there) - the only thing to be careful with is that many lenders with so-called "down payment programs" have exorbitant closing costs, so ultimately you're paying the down payment anyway.

I, as the buyer, usually always provide the contract if I am buying as-is.

Sorry, I am not trying to sound negative, but that is just the facts laid out in your description.

You're asking some pretty broad questions outside the usual scope of BP.

But they usually do like 70% LTV which wouldn't work if you still own 280k on it.