We are definitely likely going to see a drop in interest rates, which means you could always refinance in the future too to further reduce your monthly payments. 

Taking the higher of the two, that's 52k in debt service for 12 months.

It's a cluster, with months of uncertainty, and in my case 10s of thousands of dollars, because we had to upgrade the septic to accommodate the fourth unit, as if it wasn't working already.

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

On property number one, I would cash flow $750 a month after mortgage, taxes, and insurance if I also rent out the unit I live in.

Verify income: Always make sure they make 3 times the money required monthly for rent.  

This month I will be setting up the Mexican corporation to be able to place offers and purchase real estate. 

Hi Brett - local PM here - we have a few development projects, small multifamily and tonwhouses that we are gearing up for sale in the next 6 months.

The key will be to set up terms so your monthly payment works.

Why is it taking 3 months?!