The move in date is December 7th and is a month to month lease at $650/month (not including 50-70 a month for utilities).

The biggest bonus of it will be the utilization of a low down payment loan as you are buying the property as your primary residence.

The funds belong to the Tenant until the lease is terminated and then the funds can be applied towards unpaid rent, utilities, cleaning and repairs, or whatever else your law/lease allows.The same goes for prepaid rent.

Also need to know what utilities are included in the monthly fee. 

Hello,I was wondering - when you are a new investor and learning do you call places like the utility company on every property you analyze?

It turned out to be a notice that the city was going to shut the water off from the utility bills not being paid.

We are also open to other areas, as we plan to utilize a property manager to handle the day-to-day elements of the home.We currently have $80K saved, and can probably get to about $135K by May of 2022 through various income streams.

You'll need to utilize interest tracing to deduct the interest of that Heloc/Refi funds against the rental income of the rental it is used to purchase. 

So you could utilize this for your existing property, not taking on any extra payments if it is structured properly.

Utilities, park owned homes, zoning, etc are some of the things to look at.