I've done the math roughly and honestly the cashflow is coming out much less than I'd hoped for by a long shot.Based on similar homes here's where I'm at. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

Stupid loses more than smart wins - Bob Knight2.

You and your fiance can do it together over and over (as long as you financially qualify and fit the guidelines)Hope this alleviates your concern!

Even if she leaves and you lose some rent to vacancy, you will more than make it up if your average tenant stays 2+ years as they should be.

Hope that helps and let me know if there are any other questions I can help answer.Good luck!

Lending - if you have $100,000 liquid and are not afraid to lose some money or to wind up with a house you lent upon that had to be foreclosed that might be for you.Single family houses have a lot of options.

I was hoping to rent it as a MTR and just keep the utilities in my name and pay them as part of the rent, however, I am not getting any hits so I need to do something different.

Hope all of your business goals are thriving!

Hope that helps.

Your "generally cleanish" tenant will leave you a mess to clean up, you'll lose a couple months of rent and utilities, and you'll realize that a $50 late fee isn't extra income.Don't reward her with cash for keys.