I started with a standard lease provided by my realtor and added an addendum to cover things that I felt the standard one did not cover.

If the appraisal is enough to cover cost of construction then I would not be required to put up any further down payment, if it is not enough I would be required to bring enough cash for the difference. 

Maybe you find a property with a basement that would rent out to help you cover part of the mortgage and allow you to put some sweat equity into it.

Hello everyone, I recently learned that, because my tenants all happen to be students, my insurance company won’t cover the property because they don’t deal in “student housing.”Has anyone ever encountered this?

I have a LLC and business account so that's not a concern of mines.His assistant stated they do not give 100% financing so that is why they require that amount, to cover the rest of what they will not finance.

I struggle to wrap my head around what the 8% fee actually covers?

My question is; should I pay off the mortgage ASAP or find other investment properties to cover the negative cash flow? 

However, if vacancies do occur you are at least covered for one month.5% is okay for Maintenance/Repairs.1% for CapEx is crazy!  

Hopefully all your housing costs are covered and you can make a little money.

Only thing I can think of is possibly use some of that extra money to cover closing costs or perhaps use it to improve the property?