I have been a huge proponent of the Dave Ramsey program and doing it myself.

I am not sure how far they go but kKing Mutal has a program that if you have your primary residence insured with them that they will do your rentals (there s is a limit, 5 I think) for 25% if the premium if it were a stand-alone house. 

There are lots of programs available.  

Outside of the Section 8 program, expect those numbers to be slightly lower.

You are shooting yourself in the foot and also make it hard for the lender to get you approved.Although we do have some bank statement programs for our self employed clients, it makes it significantly easier to just utilize depreciation yearly.

Really depending on what the property NEEDS, it could be more.DC has a great First Time Home Buyer Program that allows you to put as little as 3.5% down (FHA) and even offer a down payment assistance loan.

It felt like an application essay to get into an MBA program. 

I told a realtor about the situation, and he briefly talked to me about a program called NACA that, according to him, offers low interest, no money down, and generous financing to people with subpar credit.

It could be part of a larger program to reduce expenses and pass along costs.

I am a huge New England sports fan, music lover/musician as well as a sport car enthusiast.