Dry drainage flows through middle of property during weather.  

Good for you, I bet the weather is much nicer in NC than it is in Columbus right now.  

This helps because you can forecast exactly how much of the subsidy covers your mortgage payment.

@Linda S.Thank you so much for your input.My update said the applicant didn't work out, which was not due to the dog.While I understand what you're saying, thankfully our weather don't usually get to those temperatures.As for our dogs, I highly doubt they were miserable as they had more than adequate open play area, designated droppings area, dog houses, dog pools, toys etc and we interacted with them when we got home plus they were allowed to go run off into the woods and had 14 acres of land to play with.With that said, this would have been a temporary situation, with an end date prior to harsh summer or winter, until the Tenant was able to afford more long term permanent solution.I had also said there was a backyard for the dog to be with its owner and they could have also used the back covered porch.Thanks again and I am happy I am a part of this awesome diverse community.

Another challenge that you will face is that you wont be able to get conventional/agency debt at 65% occupied, you will need to find a bridge loan or seller finance, which will cost you at least 9% interest.I see that you are forecasting an optimistic return at 100%.

@Ashley White ,  you dont claim any income or loss when you purchase a property ( weather or not seller financing, the seller should be worried about the gain). 

I have considered moving all the way to south Carolina (for housing market and weather) but I also want to consider places closer to long island so I can stay more connected with my family and friends.

Vacancy is low because we have nice weather majority of the year. 

Personally, I will only purchase in areas where the regulation forecast is not limiting OR if regulatory outlook is bleak, I tend to purchase commercial and resort zoned property before the regulation is in stone and prices go up.If you ever want to chat revenue, cash on cash analysis, or anything STR, DM me

Not exactly sure weather ill house hack, rentout, or simply live on the property.