Even if you rent at a break even or slight loss, if you could have 3 years of rental income offsetting your mortgage while realizing 3-6% appreciation, could be worth it, especially if you think appreciating for this area will exceed national averages.

pays your mortgage while you make Cash-Flow on those properties that you have under your name that pays you a higher ROI every Year.

Doing a 75% 1st mortgage and 15% heloc or heloan would likely give you better cost of funds all around.If this is an investment property, you can do 80% cash out refi using NonQM loans such as DSCR loans, but at a higher cost/rate than if you stick with 75% loan to value. 

Our mortgage brokerage works with real estate investors all across the country who face these same decisions regularly.

We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage.

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

Deals like this do exist out there.In a previous post, I put a graphic of my returns, and you accused me of using data for single family returns.

You are looking at this through the lense of cash flow, don't forget you are also paying down the mortgage and might see some appreciation, so equity growth might be more than cash flow.

Ironically, Taylor often only sent emails to just one of us, until she had multiple reminders.We obtained, as requested, payoff letters for our mortgages with the date of December 31st.

Curtain rods no longer exist.