I'm trying to get a mortgage, but it's entirely possible that the mortgage might not cover 100% of the price of the house.

They have to go overkill crazy like this in order to cover their butts.....Once again, this advice is worth exactly what you paid for it.....

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

The portfolio covers itself.

Part or all of the rent is covered by the US gov't (take that as you will).

My friend and her husband disagreed and let the buyers know and that it was still covered by warranty.

Moves risk to be financially covered by insurance hypothetically.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Taking a small cut to cover transaction costs and operational expenses is standard in platforms facilitating financial agreements.

  $36k - $16k = $20k or $1,600 per month net income left to cover all other expenses...same as above.Median household income in the US is over $80k or more than double these two zip codes.