Below is a hypothetical screen shot of various line items in a typical NOI calculation.

He is giving me a good deal and is even carrying the note which makes this very attractive at my stage in investing!

Hi FolksI have a duplex in CA and the lease requires the tenants carry a renter's policy.

And she'd also have to deal with the owner carry back (there's ways).If she were to do a 1031 and buy something in a 55+ community it would be perfectly fine for her to use that as investment for a couple of years and then change the use and move in to it. 

Some thoughts:Your lease should cover items such as this. 

So, I would not have it cash flow more negative to buy another property like this unless you are focusing on appreciation and can carry the negative cash flow.

It's like asking how many yards per carry a baseball team had last year. 

The rate I think is a lot higher and you will have PMI, which is like insurance that she will have to pay because she has less than 20%.So the only pro is that you don't have to bring a lot of money but that might outweigh the cons I posted if the property is in liveable condition and has all the normal items people will assume to have when buying, like flooring, appliances. 

They have a sorting station where you can drop specific items such as electronics, paint, oil, mattresses, and tires.

The skillset of deal finding is one that will carry you through your entire journey.