Student Rental (4BR/1Ba) - $90,000 List PriceOffer: $80,000 purchase price, 3% seller paid closing costs, 20% conventional financingCash Outlay: $20,000 ($16,000 down payment, $4,000 rehab)Rent: $1,240/mth Mortgage Payment (P&I): $344/mth ($64,000 @ 5% interest, 30 year am)Taxes: $133/mthInsurance: $150/mth Vacancy: $112/mth (9% - playing this conservatively)Maintenance: $75/mthCapEx: $125/mthManagement: $149/mth (~12% rents collected, conservatively assuming full occupancy)Utilities: N/A (covered by tenants)I like this deal for a couple of reasons.

They will do the title search to make sure all the liens on the property get paid off. 

I wasn't aware people paid for them, if you partner with a broker they might do it for free. 

The contractor currently is refusing to continue work and wants to be paid ~$13000 for extra foundation work based on a subsurface condition clause.

A rental license says nothing about people living there - it’s focused on a paid renter living there safely.

This is a double edged sword, if things turn south it can be just as bad.Refinance is best used in growing market, on top of that the tenant is paying off the principal, So even if your cashflow is low you are increasing your equity each time principal is paid. 

I think regional sites are becoming more popular.When the service fee was launched I experimented and listed my properties on several other sites, some paid and some free.

We got a call that day from him saying he has an offer, and he wrote up an agreement with a 3% commission supposedly paid by buyer *yet I have to sign this commission that seller is responsible.  

So if the property was worth 100k when it burnt, you got paid 95k from insurance, you might have 5k in loss to report on your taxes, but again to be specific, you'll need to speak with a CPA on the exact details of your situation. 

There was minor damage to the house that I paid out of pocket to fix.