If you factor other expenses you’re at around $200 more you're looking at a pretty manageable temporary debt.

I would suggest hiring a company for yard work (factor that into your rent) or doing it yourself. 

The markets reacted quickly and down nearly 30%.There are other lagging behavioral factors in play that are not immediately recognizable.

@Nick Rutkowski HOA doesn’t cover things of that sort- I’ll definitely factor that in.

We told him speed was the most important factor and he got us to closing in 11 business days. 

Less than three weeks ago I received the largest profit sharing check of my life due to a flood of socio-economic factors and adherence to a people first, growth mindset by my company.

It might depend on a lot of factors.

@Matt Nico, the lender will take the income from the property, subtract a 5% vacancy factor(unless the vacancy in the area is higher according to the appraiser), then subtract the mortgage payment and other expenses such as utilities,  maintenance, etc and come up with a ratio(DSCR).

After factoring in all of my expenses above, my projected Cash ROI is at 0.74 % (not including return on equity).

@Patrick J.BP put out an article with a bunch of great data about about different market returns and I wrote a thread detailing some factors that have driven RE returns based on tier data.