Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents). 

Are they going in all cash or financed? 

I encourage you to consult with a qualified attorney to ensure this agreement complies with applicable laws in your area.

But you should have a good idea of when that will come due and if you can finance it.

That loan is being paid off by someone who checks the box on the conventional loan application that they will be occupying the property.

From our experience with clients, you’d typically expect to pay around $1,000–$1,500 for a single-property return, depending on your situation.If that $6K includes monthly bookkeeping and accounting, it could be reasonable; it could also be low, or high... it all really depends on the number of transactions, bank/credit card accounts, and the complexity of your finances.

I tend to stay in my lending and financing lane lol Hi ClaytonMany thanks for the kind offer, Since this is a rental property, my living home insurance(which is way less even though my living home is value about twice the rental property) does not cover landlord insurance. 

No financing available.2.

Is the portal a downloaded application or is it a web portal?

.: I have an applicant who's going through a rental screening process A.T.M.