That is only $40 per month set aside for vacancy costs; it would take 10 months to have enough set aside in a "vacancy reserve" to cover the costs of just the mortgage payment for ONE month.

If you can find the right deal, you'll be able to set yourself up for success.

PMI is a set rate, you can look it up, I believe 1.75% upfront which gets added in your loan balance, plus I think .85%/yr added to your monthly payments.

It is always important that you set firm screening standards and never waver.

The issue is that this single property has a need for a specific skill set, my father in this particular scenario, and this same job will be outsourced in the future.

If you would like to get set up on hotsheets to watch the area I would happy to help. 

Get inspections if you haven't already set those up.

I'd be happy to set you up with a lender that we use that is incredible... just let me know!

The one I’m really having an issue with now everything is all set but the roof being in the process of repair might be an issue.

I am pretty sure the seller financing will go through however have to look into the steps of working with a Title company and setting up escrow.