Life situation is the third thing.

Kudos for getting started, but the numbers are irrelevant until you know what they mean in real life.

A good agent will step you thru everything which will 1) make your life easier 2) educate you on how selecting a property works.

@Eric Lee Nation    I did ins claims in another life for 14 years - I do not recommend that EVER as someone's employment but I did learn a few things.Here's 2 things agents or no one will tell you -- your Replacement value (RV) on the house is JUICED up way higher than what's realistic -- however you have a relatively inexpensive house so it's not much of an issue - but typically the reason they juice the RV is to get your wind/hail deductible higher -- typically 1%, 2%, 3%, 5% of RV is what your wind/hail deductible will be even if you had a $1k or whatever other deductible they offer for any other peril -- so follow me for a minute - you bought a rental for $150k -- they've juiced the replacement cost to $250k the most likely loss in KS or the midwest in general is going to be wind/hail --- the math actuarial nerds do this so the casino or the ins company in this case has the upper hand -- do the math what a 2% or 3% deductible on a $250k house will be -- I have a commercial building insd for over a million -- the lowest wind/hail ded they will give me is 5% -- the only reason I have ins at this point is I'm required to -- the wind hail coverage is worthless to me with as high as the deductible is.Anyways with that out of the way - ask your agent if you have a 3% option - at that RCV cost they figured of $99k that wouldnt be much different than the $2500 all perils coverage you have now -- Also I'd wager as someone mentioned dropping the med payments to others coverage -- it probably wont make a bit of difference in your policy cost -- I could be wrong - but I'd guess $25-50 dollars a year -- your coverage is the price it is due to the perceived wind/hail risk the company is putting on KS.I'm with Big Red and have been for a # of years -- your price to insure that house is on par with what I get from them for that replacement cost -- though i think State Farms game is a bit different they really jack up the Replacement cost so I have higher wind/hail deductibles -- I'd make out good if the house burnt down or a tornado destroyed it - but for a hail claim there wouldnt be much there.

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Namely, the guy to whom I rented my apartment has made a mess out of my life.

We are all at different points of life with the same goal to increase income but the vehicle for some will be a better fit for others and vice versa.

Doesn't have to be a real life deal (even better if it is). 

The downside is the Mortgage insurance that is there for the life of the loan however once you reach 80% LTV you can refinance into a conventional which will remove the Mortgage insurance.If the plan is to get a non-owner occupied loan then you will need 15% for a 1 unit or 25% down 2-4 unit.

Assume $5000 to replace/ 9 year life span/12 months in a year=  $46 per month for 1 item in a capex budget.