They should pay the full deposit up front and meet all your other requirements before you hand them keys.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

If you do not own a primary I would suggest buying a primary and getting a 2-4 unit to start off with a multi door cash flow.If you buy a primary you do not need a PML you can get 100% financing under a few programs or a DPA.

As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.

But the better answer is, don't buy a house if the only way you can cover the nut is to rent out a room.

If you click on the mail envelop icon it will provide you with the information you are seeking.

If you buy three things and work the same hardness on all of them, two work out and one is a loss you've worked three times as hard to get one win.

Buying another primary residence, rent our your current home, and then find a place with a walk-out basement where you can rent that to someone else so that you can save more for your next investment.  

John Bianchi’s free course, which is about 30 hours long, is super helpful for anyone that’s trying to figure out what property to buy and how to design the property in a way that will allow it to be highly competitive in its market. 

I don’t know your sources of information but they are generally mot accurate.

These are definitely still valuable information regardless of market conditions.