Another consideration is that he may be retiring soon so do we need to make the purchase before he retires because DTI will come into play? 

I've been listening to the bigger pockets podcast for approx 3 years now, and was finally able to pull the trigger and finance my first multifamily property.

If you have multiple collections resolving even a few small accounts can bump your credit score considerably, and is the best short term way to improve your credit score, in my opinion.

When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due on sale clause as long as you can attest that it will continue to be a second home.  

This dampens your appreciation considerably because people consider apples to apples in terms of total mortgage payments.

This is the second time Ive heard consideration to renting to one ethnicity on BP which alludes me to believe it may be a common mindset.

You need to talk with a lender about your particular scenario before pulling the trigger.

Hi John,Converting your existing home in Castle Hills into a long-term rental while managing it remotely from Austin is a feasible endeavor, but it does come with its own set of challenges and considerations.

I have given some very strong consideration to buying in Detroit.

@Ryan Donohue Yeah, I guess I'm a little surprised that so many folks are triggered on here about the idea of bringing in $30k/month.