If one was to put 3.5%-5% on primary residence and use the rest of savings to qualify for 20% on a rental how do you factor in the additional PMI payments into the model?

It looks like you have a great model going.

I'm told this is because Ohio funds their schools through property taxes, where as Colorado does not.When I'm looking at a property that cash flows $200 to $300 per month, an extra $100 in property tax per month just kills the model.

Model your deal at the highest interest rate to see if it still makes sense.You also need a defined exist strategy: i.e. if the vendor interest rate is good and the vendor is open to a longer term carry, then perhaps you stick with that arrangement.

Going forward I will pay more attention to different possibilities of neighborhood boundaries and model different outcomes of appraisals based on that.

The tailers are all late 60's early 70s models.

You have a GREAT model going.

There are still some out there, but for the most part the big ones have since gone under because of their bad business models, or inkling to screw people, or whatever happened.

It seems they have a similar business model to the charity scam which was run where they attract investors.

If the owner glosses over and says " I do not keep great records but he has been a model tenant" then the price starts going way down on the purchase.Anything I can't verify that will create a problem for me I will get the property real cheap to handle those issues.