You will not have the existing power supply that I assumed.Still I like @Jill F. idea of installing mini-splits.

I don't have the money to pay cash for a home in order to get around that requirement, so i'm looking for ways to finance future deals without going the traditional mortgage route.

I have been self-managing my other property for the past decade, with the caveat of it being 30 miles from where I live.Now, I plan to do so with this property, albeit from a distance of 200 odd miles.

There are a myriad of ways to go about the space, so maybe in the next 6 months you define your first strategy and work to execute on it.

The real kick in the pants is that EVEN IF the doomsday scenario occurred, since the price point is so low the property would still cash flow as a SFR - but the underwriters don't want to hear that. 

So he may not be the only one.

I'm looking to buy a house in Raleigh, North Carolina, and I wanted to figure out all the monthly expenses, including utilities, that I'll have to pay for when owning a home.Below is a list of monthly expenses I've identified so far.

If so, what experience have you had?

Means, they draw significantly less electricity to cool or heat than an electric-powered HVAC unit. 

Usually the depreciation is enough to shelter your income so that you pay little to no tax, at least on a new long term rental.