And when they told their 10 closest friends about paying the extra 1% for the luxury of working with the one and only Wayne Brooks I am sure all 10 of them were lined up outside your door at 7am begging you to work with them too right?!?!

I bet that sells quickly.

Bottom line is that any consideration you receive for the property you sell represents gain and you'll recognize tax on the profit. 

Bottom line, if you want in the game you will have a situation when it's owner-occupied that you live very cheap but not free (ie 400-700/month), when you move out you will have very modest to even cash flow for the first few years. 

With more research, I bet this will be a fill-in-the- blank process.

Overdraft is basically a line of credit attached to the account. 

The most common way to reduce closing costs is to have offered $Xk more for the property, and ask the seller for $Xk in seller credits towards closing costs, or just get the seller to pay for certain line items. 

@Nick MulliganI used FHA.... the PMI is an expense but down the line can refi out of the FHA loan. ideally plan on living next to your tenants and know what tenant class you are getting into 

Don't, I repeat DO NOT USE SEARS........... they're terrible.just hop on yelp, probably a good bet herehttps://www.yelp.com/biz/able-appliance-overland-park-5

Ask yourself how much money you're willing to put on the line to get $100/month back.