Single family home in need of some TLC for sale in western PA for $39,900.Median house price in the neighborhood $75-80kAverage rent for a similar property in that zip code $850-$900I would be putting down 20%, 5% interest, 30 years.Allocating $15k for rehabTotal cash needed $24,177Rent: $900/moVacancy: 5% ($45)Taxes: $238/moHome Insurance: $38/moMaintenance: 8% ($72)Capital Expenditures: 8% ($72)Utilities/Landscaping paid by tenant. 

My tenants all pay their own utilities.

If I buy a property December 1 and it is vacant, then nobody moves in until after January 1, the implication here is that I could not expense closing costs, mortgage interest, renting expenses, utilities, etc.

I asked for it from customer support on here and haven't received a response.

I calculated roughly sending 800-900 per month after all expenses such as all utilities, PITI, repairs, etc.Is it worth losing a little money each month to live in a nice house that we actually own as opposed to renting?

@Jonathan Bolano if you are utilizing HML, then it’s not a cash deal.

Hi Mike,  Typically tenants pay for all utilities, except for a few rare cases where you will pay for the water.

And for the sake of conservatism, let's guesstimate that the total expenses of the property (maintenance, water utility, property tax, insurance, management, and vacancy) will equal 50% of the monthly rent, or $250/month in expenses.So, thus far, we would be earning $250/month, or $3,000/year.

You'll be paying higher insurance for short term rental property, cable/internet, lawn care,  utilities, permits and furnishings.

House-hacking has many benefits that one can utilize, so you should definitely consider it!