It's a lot of work and the numbers can vary dramatically based on Tenants or many other factors.Personally, I don't care to spend that much energy trying to predict the future.

When you talk about sharing in the downside, how do you account for the time, energy, and effort of the sponsor?

Is it possible to exit without burning the ships in the harbor - i.e., if it doesn't pan out can you come back?

Perhaps put your own utilities on some form of renewable energy to cut monthly costs long term if you have a larger home.  

Something catastrophic would have to happen to burn through a 500k liability policy.

There is no perfect formula with contractors and I have been burned over and over again.

Also the local utility companies may offer free incentives like free light bulbs or rebates on energy efficient hvac equipment.

We spoke with the City and they told us that if the house were to burn down it would be covered at 80% with ‘some flexibility’.

You do not have current REI experience or handyman skills but have willingness, energy and 50k cash for investment and want to build passive income via Real estate keeping your current job until foreseeable future.

We had a cabin in Gatlinburg burn to the ground in the fires several years ago, and were completely ripped off by not one, but TWO general contractors in trying to get it rebuilt.