It's another thing that breaks or needs maintained.

I ask because IMO dressers are by far the hardest thing to shop for that checks all the boxes (quality slides, deep drawers, looks nice) without breaking the bank, which multiplied by several bedrooms can really add up. 

If you leave the property in your own name anything in your name is at risk, including your personal residence, savings, and future income.

After they confirmed they make less than the rent, I denied the application on those grounds.After that, they messaged me that they have a housing voucher which was not included in the application as a source of income and that the housing voucher would make their income reach the minimum requirements.What do I do now?

I want a template that will automatically give me all the equations and include both the purchase, a cashout refinance with a new mortgage balance and % along with recording all the rents and expenses. 

Don't forget with a MTR you're paying all utilities including internet and yard care/snow removal, where with a LTR the tenant is paying all that. 

That being said, these will also have the strictest underwrites, including credit, DTI, and asset requirements. 

My question is based on the following:lets say you put down 20% on 300K property which is 60k (plus closing costs ) and you are breaking even with you mortgage + other expenses(taxes ,management fees,...) included.

I’m not a fan of including utilities as you encourage tenant waste and your property appears to be more expensive than the comps. 

It's addictive.I am getting ready to break ground on my first 2 rentals.