You are allowed control over who pays what costs through control panels within the program… so you can control who pays the fee to screen a tenant and how much you charge for that service as well.  

It is NOT a sales point but used over and over.

If you or someone you know has any advice, I would love to connect either over a phone call or grabbing lunch sometime.

I have over 50% equity in the home currently.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona

My middle FICO credit score is 759
My cur...

Once you take over operation of the system, you will be required to keep it running (by the County Govt)You're losing money already and you don't even have all of the true numbers.

The seller owed on a mortgage to the point where they needed to show up to closing with a check for over $25k to make up the difference!

You are not considered in the "rental business" until you reach 3 units, but only so far as TPT is concerned. 

Your mortgage is almost $3600 a month which means unless you can charge over $1800 a unit per month once you move out there is no NOI. 

Disclosures: this post is an anecdote about a Raleigh NC property for illustration purposes; the numbers presented are actual numbers from my Quickbooks report; the Rent-O-Meter price, T-Bill rates (in the links), taxes, insurance, and PM fees will change over time.