@Jane DangYou’re in a great position.

Very little.The lower your borrowing costs (interest rate) the lower your finance cost => higher positive cashflow. 

If the rentals are showing positive cash flow or at least covering their own expenses, they typically have little impact on qualification.

Hey BP community,I’m looking for some perspective from other investors who’ve bought or sold performing residential notes.For those of you who’ve sold a performing 1st position note in the past:What made you decide to sell instead of hold?

Is it:
• Holding costs?
• Contractor timelines?
• Purchase competition?
• Financing delays?

What are you seeing in your market?

This deal highlights how minor strategic updates combined with strong market positioning can produce impressive results.

I am looking for a knowledgeable advisor who can help me evaluate mortgage options, rental strategy, cash flow projections, and long-term positioning to ensure this purchase is structured intelligently.

What I’m looking to sharpen now is market-specific execution in Texas — especially around: House hacking in the Houston metroBest areas within 60 minutes of Houston TX for long-term rental stabilityFHA strategy post-Chapter 7Building a portfolio one property at a time  For those who’ve started over or rebuilt after setbacks — what would you focus on in the first 24 months if you were in my position? 

Markets like Columbus, Ohio are really strong for buy-and-hold investors because you can still find properties in the $120K–180K range that hit the 1% rule, generate positive cash flow, and benefit from strong population and job growth with companies like Intel, Amazon, Google, Facebook, Microsoft, and Honda expanding here, which also supports appreciation over time.

At 22 years old, I'm uniquely positioned as a high income earner with very few monthly expenses.