. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Can anyone give me some worst case scenarios besides me owing the $ back if it does not close for some reason AND if there is a way to protect myself in the purchase agreement from any worst case scenarios….There is no mortgage or realtors involved- only real estate attorneys.

Or refi cash out 100%… so I would have ZERO out of pocket… and then rent for $800-$1000… gross… after mortgage and hold backs I was STILL netting $400/ month.with zero out of pocket… And the debt was $50,000.Now….

I have been told about 60% of the rent will go towards Taxes, vacancy, capx, property management fees, repairs & insurance, and I will be left with 40% to pay off the mortgage or keep as profit.

Everyone is responsible for 100% of the mortgage payment - and yes, that's if there are co-signors.  

Do you have a first mortgage and a heloc or only a heloc ? 

They don’t verify guests properly; screening is weak because they’re mainly focused on hotels/flights/car rentals.

The one caveat is that I will be unemployed during graduate school, and I will be solely surviving off of grad plus loans for tuition and mortgage payments.

Both properties have no mortgage and we have FMV appraisals from the date they were inherited.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).