I'm currently working on getting pre-approved for this exact loan, and my loan officer just informed me that ALL 4 flats, owner OR non-owner occupied must have a minimum of 25% down.

The mentally ill must be cared for in a humane and good way, letting them choose to walk the streets e most inhumane thing we have ever done.3.

Your total nut must be around at least 1000/month given the size of your mortgage and you're only renting for 1250 - that's a pretty thin margin (maybe breaking even after expenses), especially if you are going to be out of country soon and have less control.I would consider selling the condo just to avert the risk it is presenting.OTOH, if you couldn't sell it within the year, you might consider paying it down a certain amount - not completely, and refinancing with monthly payment that is more favorable to your cash flow and overall risk.

If she damaged YOUR property, SHE must pay for it.

In ROC NY i must comply w zoning regs.

Number 1 is a must.

Also when you decide to visit the homes you own, you can use the trip as a business expense.

When I visit to make repairs I have been noticing the stains and wear from three kids running around my unit all day.

Make sure you go there and visit and due your due dilligence and make sure that if you move there you are comfortable with the weather..ie if you hate the cold, you are going to be unhappy in chicago.

So, before you buy, you must make sure that you can even start to rent it out.