Although I don't think you could do that and charge monthly electric costs too.

You could easily have 5 - 10 properties and retire financially free in 20 years.4.

The primary residence is a cost center and loses you money, since you shouldn't bank on appreciation.

With the current market, I will not be able to make my required cash flow after paying all operating cost including mortgage, vacancy, property tax, insurances, maintenance cost, no need for a property manager because I can manage it.

I am putting 20 % down ( 90K) but I see there is about 27K in fees and closing cost.

You don't think they will want their insurance, which I assume they've been paying out of pocket for many years since the house was build and owners never paid, to cover the cost of a new roof and fix the leak which appears to have been there since the house was built?

Feel free to reach out to me directly!

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

I’ve reached out to a few attorneys and set up a few introduction calls, all of which have been “free initial consultations”.

Hi Michael, This answer depends on the initial purchase price, rehab cost spent, and the ARV.