You still have to fix that stuff.None of that is to argue with your reasoning, just to give you a different perspective, some things to think about, and some things to investigate.

"Hi, this is Murray and I am calling from ABC Realty and we just purchased a home down the street. 

I definitely won't argue that Idaho Falls has a lot going for it also or whether one area is better for investing than the other.

You charge the house a Flat Rent including Utilities in your name and they have leaks for months that don't get reported and you don't check the meter and they won't pay extra and you have to fight and argue and threaten and then file for Eviction.

If you only plan on househacking this property for a year or two I would argue these numbers are more important as long as you can make the payments in the short term.Also, if/when interest rates go down at some point you would be able to refinance into a lower rate which would increase your cash flow.

3 Best Books to Read on Multifamily Investing:1) ABC’s of Real Estate InvestingKen McElroy's ABCs of Real Estate Investing is my #1 recommendation.

Ive read Rich dad Poor dad, ABCs of real estate investing and the book on managing rental properties.

Independent mortgage brokers are almost always set up on lender paid comp, and the rate/fee combo (assuming any fees are charged at all) you get with ABC Lender through a broker is typically better than what you get if you call ABC Lender directly.

I'd suck it up and get it done, not worth arguing about.

I would also argue that an emergency fund is probably not necessary.