As an example, if you decide to look for a townhouse in the Ghent or Oceanview area, the likelihood of you finding a high quality roommate/tenant are much higher.You'll pay a slight premium over a similar townhouse in most of Norfolk, but you'll have a much larger pool of high quality applications to choose from (both during and after you move out of said househack).

All in it was $188k (say $190k ) and would rent for $1800-1850- My payment including HOA with 20% was like $1400 so I would have been taking $400 outPutting 20% will certainly help with the monthly payment and with historic low interest rates it will defo put you in a good positionIf you get a good enough price on the property the HOA doesnt necessary need to be a bad thing as it covers roof, exterior maintenance, landscaping (all of which would require more in insurance premiums, paying a landscaper etc)Bradley above seems to know his stuff, if you are looking in the Miami area he might be the person to work with.

We are seeing huge growth along the coast - the Intracoastal waterway typically being the line where city moves to the county - therefore there is some significant population growth on the other side of the waterway where you do not have to pay the city premium tax. 

We will be doing whatever we can outside of the lease to vet the tenants as well (credit checks, etc.).The company we're using has not made any edits to the CAR standard lease form. 

If you do hold it, you would also need to factor in management, potential headaches as well as a "premium" for whatever makes you sleep well at night being so far away. 

Services Borrower Did Not Shop For $7,530.45Credit Report to S1L FBO Factual Data $84.00Flood Certification to S1L FBO ServiceLink National Flood $9.00 Mortgage Insurance Premium to National $4,988.45Title - Endorsements Title Company $50.00 Title - Escrow Fee Title Company $630.00Title - Lender's Title Insurance Title Company $994.00 Title - Loan Tie In Fee Title Company $325.00Title - Notary Fee Title Company $225.00Title - Recording Service Fee Title Company $25.00 Title - Sub Escrow Fee Title Company $150.00Title - Wire Fee Title Company $50.00C.

Supply/demand and risk premium. 

Edit: That's assuming your hard money lender will allow the interest to accrue and be paid out at the end.

You can of course edit this model to fit how exactly you plan on purchasing and what specific property type you are looking for.

Let me give you an example from our past experience, we chose an insurance product that was 25% more premium than competitors.