Because the balance in both my wife and my 401K's are greater than $100K we have the option to take out loans up to $50K for use on our properties. 

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.

Even if someone in these forums were to teach you a creative financing strategy that required zero out of pocket cash and the seller was willing to accept those deal terms, you still aren’t qualified to own real estate with your current balance sheet.

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Once the rehab is complete, being able to get rid of PMI on a conventional loan will be a matter of the value of the property as finished compared to the outstanding loan balance on the mortgage.

I wanted to spark a conversation about a topic that’s been gaining traction in our industry: the balance between realtor-led showings and self-guided tours for properties.As landlords, we all want to maximize engagement and find the right tenants as quickly as possible.

I know it's a balance of reality, values, and what makes one happy that guide our decisions.

The balance on their mortgage is $190k. 

It’s all about finding that balance between offering a great space and keeping things safe. 

Still need about 3-4 days for CDs, balancing, docs, funding and recording.