My question is based on the following:lets say you put down 20% on 300K property which is 60k (plus closing costs ) and you are breaking even with you mortgage + other expenses(taxes ,management fees,...) included.

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

Also includes a few VA hours in the price to jump start your progress... that way it's not just a second job.

Personal Property: $30,000                    Personal Liability: $300,000                    Replacement Cost: Included                    Medical Payments: $1000                    Loss of Use: $6,000                    Property Damage to Others: $500                    Mold Property Damage: $10000                   Mold Liability: $50000                  Tenant Pet Damage: $500                  Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?

The monthly carrying cost is $260 less for TH(HOA included in calculation).3. 

Most applicants never responded or responded that rent was too much...that they were looking at $500 - $800 a month everything included. 

In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.

None of the documentation you have signed/e-signed so far is binding.  

Once it's approved, a sheriff will serve the eviction notice to the tenant, and the paperwork will include the date and details for the eviction proceedings.If you prefer to use a professional eviction service feel free to DM me for a few references. 

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!