It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

But, it still doesn't feel like it's enough. 

@Gregg HuttonIf I were starting over with limited resources, house hacking or the BRRRR strategy would likely be the best focus for long-term growth and cash flow.

Screw her and the scum like her! 

Big differences as its like a wholesaler of loans sometimes.

Welcome back @Jonathan Chan,Sounds like a solid 4 years, keep doing your thing!

Somewhere in the middle is likely your best bet for a 20 year timeline.I have almost 50 units here myself and that's about what my portfolio is cash flowing at this point combined LTV is around 65% as loans have gotten paid down and values have went up.

I am primarily focused on appreciation, but would like some cashflow to keep the investment profitable year-to-year.