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So if you buy a 100K home and you put down 20K you'll have a mortgage of 80K @ 5% for this example your payment would be $429 and say the rent is $600 you can use 75% of that which is $450.If you make 2K a month here is the DTI breakdown which should be your biggest concern with what you're trying to do.  2K + $450= $2,450 of incomeDebt: 429 + ( New home payment ( $750) ) = $1,179.00  New home would be the primary residence that you talked about buying.Assuming you have no car payments or c.c. payments or personal loans your debt to income ratio would be 48.1% which is acceptable under FHA guides ( up to 54.9% ) but pretty high for conventional ( 43 and under is pretty secure but I've seen up 49% with major reserves)  You would also need 429 x 6 = $2,574.00 in reserves for your Investment Property6 months of reserves = $2,574.00Total income $2,000 base + $450 ( 75% of 600 )Liabilities = $1,179.00I know sometime I'm all over the place but plug in your real numbers with these and add taxes, insurance and credit cards, car payments and any personal loans and try to keep your total DTI under 43%For taxes do 1.25% x the sales price and .3% x the sales price for Home Owners Insurance. 

Does it guide the tenant as to which things they can and can not do?

Time to build the legacy and foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Time to build the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Hi all,I just saw this blog posting and wanted to share with everyone. It's an info-graphic on the amenities desired, by generation, of new home shoppers. Should you consider this in a purchase decision or your rental...

Fill in the foundation and build the legacy below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.