Mike Wood thanks for that breakdown.

@Mike Wood That's what I thought going into close the house, but my attorney said my payment will be $1355.57...

, avoid heavy leverage (this removes an exit strategy if the market goes down) OR do not plan to sell (long enough to wait out a dip), ensure your rent rates are good enough that if they dip you can still cover your payments / expenses, get great managers or manage well to ensure solid tenants, and have enough money in reserve to operate in a bad scenario.There are a million ways to do everything in real estate.

It's safe to say though that if you have great credit, solid income, and you have 10-15% down that you should go with 10% down either with lender paid MI conventional or 5% down conventional with lender paid MI as these two scenarios are probably the most efficient use of your capital.

Their dog which is allowed under the lease has clawed the inside garage door that leads into the house, the wood for the door stop is deformed and needs to be replaced.3.

It sounds like you found a solid first deal.Other than the rent rolls etc, just off the top of my head I would think you'll want to get tenant estoppel statements.

Long as you have a good property manager and find solid tenants I personally don't see an issue with that deal.  

Build a solid relationship with them and you will have the start of a good team.

I can either JV or buy as a wholesale (given the deal is solid).Best,Matt

This would be a solid property in a good area consistent with my portfolio to date.