Leesa - This topic has been covered many many times.

The value of the house doesn't matter at that point; all that matters is that you can help them cover their payment and still make money.

We get $1,000 from each townhouses and also cover our expenses which are $600.

If HMLs will go 70%, or even 65%, you'll be able to cover the purchase and fixup.

It would save her on the elec bill & would also add value if I decide to dump it.All my appliances (A/C & Heat, Water Heater, Fridge, Stove, Dish Washer, Washer & Dryer, etc...) are covered under my home warranty.

If it can be rented to cover and eventually be sold at a profit, all are happy.However, I was wondering what happens to the seller in the meantime?

Will a bank even consider a business proposal to try to get a small business loan to cover the entire cost of the house..

Plus, you've got competition from well-heeled parents buying for their kids, and fuzzy-math investors who think that if the rent covers the mortgage they are doing swell, especially when they add in 'appreciation'.Keep in mind this crop of kids is the most spoiled I have ever seen and they all feel super-entitled.

With out figuring in depreciation and tax incentives the true net income covers my yearly mortgage.

We've stopped doing covered calls at our firm because of all the volatility.