Principal mortgage balance is $159,531.

As a park owner, it’s usually better (in my humble opinion) to sell the home to a solid tenant who will then pay lot fees and maybe a mortgage.  

So, make sure you do your research before installing cheaper flooring.4.

Most people have a mortgage on their home when they sell it.

Trump doesn't control them, but he's going to try everything he can to bring mortgage rates down.

@Jay HinrichsPre-reo was owned by AHP servicing (plenty about them on here), this platform was homes that had yet to be foreclosed on (I think they were reverse mortgages) that they would sell and manage for investors.they would also finance it at 12%+ rates.

Regarding DTI - mortgage industry will alllow around 40%, but tenants tend to pay a higher percentage of their income to rent/housing than homeowners.

I am neither a real estate agent or mortgage lender.  

(condos are cheaper, but not always ideal and the condo fees take a lot of the rent that could go to your mortgage). 

If there is any kind of damage to the house because of a natural cause if you approach the insurance company without a landlord's insurance they will outright deny your claim.If you have a mortgage the bank will insist that you have landlord insuranceTenant has renter's insurance.