initial Escrow Payment at Closing also has a Property Taxes at $432.52 per month for 12 mos (total = $5,190.24)"

But thats not clearly detailed in her initial post.

I do a one year lease initially, but honestly if I don't think there's a chance they'll stay at least 3 years, I'm not super interested in renting to them (on average my tenants end up staying 5-7 years). 

However, those are my initial thoughts.

@Doris Moore Many leases will go month to month after an initial period of time, usually a year.

or single family)- close monitoring of initial investment, minimal money down2) BRRRR in Denver area if feasible, considering out of state- Focus right now is getting pre-approved for FHA financed property and close on an attractive deal.

History : Initial Yearly Lease was converted to Month to Month Lease after Tenant's request after 5 months of occupancy since he wanted to buy his own property.

Depending on what your end goal is should drive your initial purchase.

The seller was initially asking 400k, I offered 370k and they cover closing.

In my screening process, i have an initial screening questionnaire.