Also, for older homes, do not forget the likely extra expenses for electricity/gas due to them being leaky. 

Just to be safe I would have an extra "renter insurance" notice that your renter's sign that says you recommend getting flood insurance so you are covered.

If it's a great deal, you could get extra back.Also one thing to mention, I'm not 100% on this but if you refinance using a owner occupy product you will be required to live in the property another year.

Prior to this, they paid consistently.

After joining BP,  I consistently came on and answered questions, and helped out where I could.  

3 Reasons this can't be replicated making extra payments on a traditional 30 Year Fixed:1.

One guideline that is pretty consistent with MF lenders is that they want to see at least 70% occupancy.  

The maximum number of financed properties that are permitted is based on the underwriting method, as described later in this topic.The financed property limitapplies to the number of one- to four-unit residential properties where the borrower is personally obligated on the mortgage(s), even if the monthly housing expense is excluded from the borrower’s DTI in accordance with B3-6-05, Monthly Debt Obligations (01/30/2018);applies to the total number of properties financed, not to the number of mortgages on the property or the number of mortgages sold to Fannie Mae;includes the borrower’s principal residence if it is financed; andis cumulative for all borrowers (though jointly financed properties are only counted once).The following property types are not subject to these limitations, even if the borrower is personally obligated on a mortgage on the property:commercial real estate,multifamily property consisting of more than four units,ownership in a timeshare,ownership of a vacant lot (residential or commercial), orownership of a manufactured home on a leasehold estate not titled as real property (chattel lien on the home).Examples — Counting Financed PropertiesThe borrower is personally obligated on mortgages securing two investment properties and the co-borrower is personally obligated on mortgages securing three other investment properties, and they are jointly obligated on their principal residence mortgage.

I charge extra for people to watch me3.

I’ve found that SA is a market where the numbers work a little better, but I would like to at least get my bearings here in Austin, and ideally be able to consistently find good deals in Austin.Happy to answer any questions here, or set up time to chat further if it makes sense.