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.

It's in a solid neighborhood with great schools (that's why we lived there for 17 years).THIRD, as a side note, we are also in the position to pick up another rental property within the next year or so. 

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!

Aside from long-term flips of six primary residences, I am new to the REI scene.

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.

Turnkey companies don't usually do commercial buildings and this isn't a turnkey property.But more to those rents... vacancy and such aside, anytime you are getting rents that low, you can expect to attract low-quality tenants.