Make sure the taxes are not based on some program. 

Impossible to say without knowing the loan program, and lenders have overlays, but 6 months of payments (PITI) is a good ballpark rule of thumb.

When someone asks if the we take Section 8 the correct answer is that we "take in to account all sources of income however the unit has not been inspected to be included with the Section 8 program". 

Would love to set up a chat if you're interested. 

Send me an email or a PM and we could chat more. 

We are interested in purchasing a vacation rental and immediately participating in a rental program.

I am sure you have read if you obtain an FHA mortgage your minimum down payment on 1-4 units owner occupied remains at 3.5%, however with conventional more than one unit you would be looking at anywhere from 5-20% down (depending on programs in your area). 

Also a big factor is where you chose to invest.I’m happy to chat more specifics directly.

Happy to have a chat in person, by Zoom (from the UK) or on the phone.

I look forward to chatting with anyone who wants to share information, support one another or look at investing with me.Alex