My guess is that you will pay less per month with multifamily than a single family. 7.

., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.

You also only pay interest on the amount you use.

I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

Sure don't do the renovation, rent it for 200/m less, and maybe that 30k investment won't pay off until year 10, but you're still investing back into your property, improving it and adding value.

You’d need to check the local laws to see what counts.Tenant Violations: If they’re breaking lease terms—like not paying rent or subletting—you might have grounds to evict.

@Jon D. some questions, the answers may help you better focus.1) Why did you pay your primary mortgage off in the first place?

The reverse mortgage company wants buyout and I dont have over 200k to pay out.