When you factor in the savings on these fees alone, the net extra a homeowner is paying, at least us, is probably more like 14 to 17 percent. 

This it's another uncontrollable variable for you. 3)You can also dive deeper into the tenant's circumstance: do they simply not have enough extra cash to pay for the deposit right now?

So would like your thoughts on mine, being an investor with $40k disposable income.Here are the basics:-Looking for 3-4 unit-I'd live there for at least a year to get 3.5% down mortgage-I don't need ANY tenants to pay the mortgage-Tenants paying mortgage just lets me save FASTER for my next property & build reserves for this property(repairs and such)-I'd be EXTRA careful in screening candidates; especially looking at job history/industry/credit-My goal/focus is $2000 NET income from 6 units.

There's no need to baby-sit them and I'm happy to take the extra money.If they complain about the 20% increase, I let them know they are on a month-to-month and can give 30 days notice of termination or they can sign a new lease back at the original rate offered.

Generally speaking you would add a liability policy to your landlord insurance.Umbrella is "extra" liability. 

Compare an extra hundred bucks a month to having to do a $10-15k renovation now, between tenants, and in a year after the new tenant leaves. 

I am closing on a property today that I purchased in 2010 and then sold on a land contract in 2015, I took it back in 2020 and resold it on another land contract and made and extra 30k while charging 10% interest on the remaining balance. 

Make sure you set aside extra money in future years for taxes.

With the extra cash I was able to buy above what I could qualify for with another VA (or I think I used FHA actually). 

Say I get an extra 10k for that.