You also may want to require in addition to down payment from the buyer 6 months to 1 year mortgage reserve payments in advance.Do not set your interest rate below market or you could get hit with imputed interest charges on taxes.No legal advice given.

The other unit is an efficiency suite which i would occupy for a while because of the FHA loan.

If I get held up with seasoning periods to refinance i could be looking at an additional 1200 in interest costs. 

I have bought a townhome in Vineyard, UT that I will be househacking by renting out the additional bedrooms. 

I'm open to it all, and would love additional opinionThanks,Ryan

Last year we bought a property with three mobile homes on it and this year we just bought another property with 3 different lots but only one mobile home on it that we plan to fix up and put an additional two MH's on it.

We are contemplating on installing a new electric boxHere is what we are wanting to do.Add a hallway (will require moving a non load bearing wall.)Add a powder room about 3 feet from existing bathroom with medium grade finishingUpdate 2 small bathrooms with medium grade finishingAdd additional toilet in master bath and move plumbing for shower and existing toilet about 3 feet. 

For units, FHA is really good, but Freddie Mac's Home Possible is really good as well if you can come up with the additional 1.5% down. 

The pros that come on the podcasts have a simple formula that works and they execute it efficiently.

In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.