MTR is a hospitality business, similar to the STR, more upfront cash, you are being thoughtful and intentional around how you present, offer, and welcome guests on the front end, plus the same leasing, monthly payments, maintenances requests as a LTR; but you a get a more money monthly. 

I don't know if I can trust her or if in a month she will change her mind or come up with an excuse to not leave.police won't remove her for tresspass since she was given a key, even though it was by someone who had no right and wasn't even a tenant at the time.I have trash and sewer utility bills in my name from them.

The INTEREST-only payment would be $1460/m with a $200K downpayment.

If it is your first, I would also review down payment assistance programs in your county that you could be eligible for.

But I do have references from happy clients, friends, family... ugh, well not my kids don't trust a word they say :-) Be well!

Prioritizing what the seller needs over a quick profit doesn't just show you're in this for the right reasons; it builds a brand that people trust and respect.

Quote from @Kevin Sobilo:  My leases state that any monies owed are payable "as rent" so that if they do not pay that damage bill I can simply choose to evict them for "unpaid rent" which is simple and cookie cutter.FYI this is not legal in Colorado. https://leg.colorado.gov/bills/hb23-1095 prohibits "A provision that characterizes any amount or fee set forth in the rental agreement, with the sole exception of the set monthly payment for occupancy of the premises, as "rent" for which all remedies to collect rent, including eviction, are available"As for the $600 faucet... it sounds like you just called up a random plumber and told them to install a faucet.

What is the interest rate on that and the furniture payment.

I provided a 25% down payment to help create some cash flow and did my best to provide documents as quickly as possible to make it easy for the lender to close on the deal.

I use Enterprise Bank and Trust out of KS and everything I do with them is online.