If a put a down payment on a home and begin renting it out, is it okay if the property just pays for itself and I don't make any positive cashflow?

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

None of us own the home, we just pay the rental company.

While you are at it, learn how to manage your properties well because a large percentage of investors lose tons of money through rookie mistakes with non-paying tenants, unscrupulous contractors, long vacancies, etc. 

And pay the same tax you would have at the same time you would have.5.

What a nightmare:1) Lack of transparency and inconsistencies in their internal policies so it is difficult to get proper help from their "Success" team when they give conflicting information.2) We are listed as a quiet retreat space as an alternative the raucous downtown Nashville scene.

I'm not sure there are many syndications executing investments with debt funds today and paying 10% of the property's value to buydown the interest rate and claim positive financial leverage. 

It may be a frustrating few years until the area grows around you, but can pay off in the long run.

I have my second contract with renters - it is great when they pay Lessons learned?

Owner financed scenario:Here is what I thought off:- pay market price ($920k)- Interest: 2-3% year - Down payment: 0-$30,000 - Paying interest only for the first 15 years- Balloon payment at year 15 (or refinance then)The numbers don’t seem to work either.