That’s my low estimate.  

A better alternative for future low down payment primary loans could be the Fannie Home ready loan.  

Based on this, the 344/ day figure came in on the low end, and I concluded I didn't need plumbers checking leaks after all.So my suggestion is for you to check the number of people actually living in the property, including unauthorized tenants, and the average daily water usage.

The biggest benefit to this method is you get to keep your incredibly low primary residence interest rate of probably 4.25%. 

My Mom invested in RE so I sort of had the AHA moment as a teenager but got good grades, went to college, worked at, in hind-site, stupid but maybe character building low paying jobs while attending school, graduated, joined the rat race with a job I loved for a long time, met my wife, had a child. 

Your mortgage insurance is obviously a lot higher, but the interest rate is also extremely low if I'm remembering right.To qualify you have to move to an area declared to be "rural" by the USDA.

It makes no sense to have a top end rental unit in a low end neighborhood. 

I am very handy and there is very low expense to upkeep. 

The 3rd party fee's can also be very high for CMBS (mostly because of borrower counsel) - Well's has a capped program at $25k which is low compared the industry standard of a $30k-$50k deposit.

Taxes are a little too low.