The extra months on top of the 12 months up front is for "cushion" because you are not going to make your mortgage payment typically until the 2nd month after closing, so your escrow account will not be replenished for those two months you are not making a payment.

It’s well worth the extra VA funding fee to me.Don’t forget to include these monthly expenses in your calculations: capital expenditures, vacancy, management.

I could never make the tough decision until I figured out the folks were simply freddy freeloaders then I would do whats necessary.all the thoughts above for help should be explored.. and depending what state an eviction could drag on for sometime if these folks want to go to court..

Vice Versa a B class asset will have a much smoother ride as the people living in those areas behave much differently then the folks in D class areas.

I don’t want to sell it I would like to rent it out to create that extra money coming in.

There's no guarantee about how much money you would make but it sure would be an easy way to make extra money and every loan that closes needs someone ensuring the documents are signed correctly.

I have seen many investor's over do properties in hopes for the extra $50 a month..

It can be a nightmare if you let your emotions get involved, but a lot of folks on bp evict tenants regularly and it's a pretty straightforward process at the end of the day.

Greetings folks,I'd appreciate any feedback regarding this question: I am currently a student and not working; my only income is some cashflow from the one rental property I own.

I am interested in moving out and renting out the unit for extra income.Currently, our building has no rental restrictions in the governing documents but all 4 units are owner occupied.