However, I don't think they have resources to investigate these sorts of things and that policies exist not to prosecute them because they are likely small claims (under $10k in my state) so that the aggrieved person can seek a remedy themselves in civil court.

Does the bank let you get 2.5 months late on your mortgage payments?

One lot has a 2 bed and one bath cottage that was an existing STR. 

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?

I'm located north of Houston, Owned a Real Estate Mortgage company years ago.....

This is my first personal mortgage so I'm trying to learn the game.

I do have experience working in Mortgage Processing and more recently Commercial Underwriting, so if anyone has questions in those areas I would be happy to help any way I can!

I searched for homes based on the mortgage I could afford.

If any need for boots on the ground ever exists for you, I would be happy to assist or brainstorm.

Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.