Hey @Connor O'Brien - There is a list that CHA releases each year that states the maximum rent they will pay in certain chicago areas based on bed and bath counts. 

They use the same amortization schedule unless you are paying interest only.

How does anyone expect people in a place with an average income of 25K a year to pay an average of $1400/mo rent? 

However, eviction must be by cause (i.e. you can never evict without a justifiable reason - so more or less you are stuck with a tenant unless they stop paying rent or breach their lease, or some other narrow units such as moving in or curing code violations - though then you have to pay relocation costs).

Paying ~12% of the loan in fees/closing costs is quite high.

I am pretty sure it would be dumb to pay or give her the 50% from the rent.

I'd suggest not paying anyone for mentorship.

Every month, property 2 has been paying most of the mortgage on that Property 1 home equity loan.

I'm also considering Halethorpe because it's a good commuter location.Some people really like supporting the city in which case , northeast Baltimore would seem to the best place to buy a single family, in my opinion given the taxes situation and given that none of those areas are walkable I’d rather just be in the county and pay Lower taxes, and it’s not like northeast Baltimore is much that much cheaper than Baltimore county, hathorpe is mixed, arbutus is nice, I hate the housing stock there, would rather be in Catonsville if I was considering western Baltimore county. 

Hi Kris, welcome to the Indiana market 🎉Your plan sounds very realistic, especially with the flexibility to pay cash.