There repayment period for the loan can also be extended past 5 years if the loan is used to purchase your primary residence too.  The

Appraisers get it wrong sometimes and as long as you are in a position to cash flow it in the long run I say you do it ALL DAY LONG BABY!

The variable expenses seem a little high too. The

you can use FHA again but have to move within 100 miles of the first property, also certain conditions apply under using it again ( new job , new baby etc)

You'll do quite well elsewhere...I had to wait until things were settled with parents, kids, Etc, then it was Hasta La Vista Baby....

Cleaning pay for your cleaners is going to be a big one, as well as supplies such as toilet paper and soap can add up too. The

@Rodney Menendez check out Ken McElroy’s books too. The

I have a listing right now where the investors intend on investing into their family (work for the primary residence and for baby #2 that is on the way).It is a personal choice but you should have a plan in place first before pulling a trigger.

Gut it all baby.

When I my kids had a nightmare I told them in envision the fix, step by baby step to make it happy, then do it.