What I did was very similar to what your wife feels comfortable with except the last part.

If I was in your shoes, I'd try to amend that agreement asap, or dissolve it and find a PM that doesn't require you empower them in such a way.

Or you can let the current lease ride if you are comfortable with the terms.Good luck and congrats on the purchase,Kevin

It is most likely what you feel comfortable with and you can assume your net will grow over time.

Originally, I saw an opportunity to become a "straw buyer" and purchase a small house under rent to own contract until they could buy it off me, but my dad just didn't feel comfortable having his son responsible for his home and that I couldn't afford one of their needs anyways in the area even after I suggested selling my Cobra to fund the down payment - but then he felt guilty about me sacrificing my car.

Do you guys always figure 20% or whatever your comfortable with?

Yeah like Brandon said pivot slightly, unless you are comfortable with another strategy as well and decide to make that a bigger part of your strategy.I invest in Orlando and there's a rise in prices there as well.

You'll need to specify this temperature and stipulation in the lease contract so that tenants are not surprised that they are unable to set the thermostat to 90 degrees in the winter for their personal comfort at your cost.

Knowing people in the area makes us much more comfortable...then again, we bought our Maui condo sight unseen and didn't know anyone there!

Well on day 8 still no water, and I am not comfortable with not being able to turn on water at all.