You receive the piti from your buyer and you then pay the underlying debt with that payment.

--I'm transferring the debt from my remaining highest interest mortgage, 4.99%, but I can't pay it all off with the remaining credit line, so I will take monthly chucks.

However, to get a bank loan you would need to have a debt service coverage ratio of about 1.2 (i.e. your income after expenses is 1.2 times the cost of mortgage payments).

@Brody VeilleuxHouse hacking and BRRRR (Build, Refinance, Resell, Reinvest) strategies are effective for property acquisition, but they carry risks like delayed refinancing, increased debt, and property management complexity.

If insurance doesn't protect the tenant, then you should at least forgive them any rent charges for the duration.

I always think installment loans (like hard money) is better than revolving credit debt.

If you are going to lock in that debt and let it sit, it's not wise.

Orginially I was evaluating deals and account for tithes, but after expenses, debt service, and reserves.

Hi Dave,Forgive the late reply; I'm new to the BP forum, but thoughtI'd offer my thoughts.

It's math, USA went off the debt cliff a LOOOooong time ago, debt service is nearing unserviceable.