Official data of June 2024, Miami Dade County overall (Single Family + Condo + Townhouse + Apt) is a Balanced market now. 

I called my guy and they applied the rate to my balance as a courtesy.

All-in, I am about $600 negative monthly cash-flow, and the principal balance paydown portion of the mortgage is about $750 per month. 

@Oleg MalkinAnd here we meet again, comrade...Say you had a $400k balance on your original homestead mortgage.

Balancing local and out-of-state options might be the best way to build your portfolio.

All-cash purchases provide stability and simplicity but may limit your portfolio size.A balanced approach could be:Use a portion (e.g., $400k-$600k) to purchase a few smaller multifamily properties (2-4 units) in cash-flowing markets like Toledo.

Your new balance will be the loan to BPO + closing costs, so its gotta make sense at that number.

You're describing $150K down, the balance amortized at a 30 year rate with a 4 year balloon. 

I used Citibank for a while which worked but they recently pushed me out with much higher minimum balances and fees so I wouldn’t recommend that now.

Equity and retirement assets wont do anything for DTI unless youre retirement age, have a plan in place to create income via IRA distributions, and have a sufficient balance for the distributions to continue for at least three years.