It currently makes enough to cover the expenses and would be a great house hack opportunity or a buy -n- hold. 

The mid-range plan covers a lot and was right around $500.I negotiated to have it included for one of my buyer client, who has had two appliances replaced in the first year.I think it gives buyers confidence, eliminating one of the many obstacles for nervous buyers. 

In addition, even for a few loans, you need a formal Compliance Management System to cover over 20 federal laws, some of which has additional requirements for Texas.This is all doable.

I'm curious as to how you made out, and whether or not you were able to get the Seller to agree to hold funds in escrow to cover the cost of the rectifying the violations.

@Dave Saveri I hope my blog post is helpful to you as I cover some basics in setting up a syndicate.Here is a link for you: Apartment Syndications And How To Tap Into Huge Passive Income Profits

We plan to have the best of both worlds and word it in a way that we are covered.

We also guarantee tenant rent if they stop paying we cover lost rent and evictions costs.

Someone to cover down on SFR?

If you start younger then wne I started in 10 yrs you'll have a few rentals even on low W2.Having decent dual W2, living well below our means we where able to buy 30 rentals in 7 yrs on the day I quit.Most markets have portfolio 30 yr lenders, today a misnomber, portfolio today means does not check W2/DTI but just based on the rent covering the mortgage. 

One way to get around some of this is to physically connect the two structures with a covered walkway or similar type structure.