Hi, new here..recently divorced. Awarded the investment property(cabin) with no mortgage and home with $155000 mortgage. Would like to 1031 the cabin and assume loan on house but my monthly income is child support $11...

MInut has a low average review (mid-3s I think) on Amazon which is a bit of a red flag. 1 per room at a total of $60/month sounds excessive for something that is not likely to be a common occurrence. 

I’m not saying you can’t do it, I’m just saying it’s not worth doing unless you’re unemployed and like doing it or your rents are high and your maintenance is low.

The Tuesday Zoom host, Mike Jake, grew his portfolio to over 150 Single Family Homes in Colorado Springs using several different no/low money down strategies and is an absolute wealth of knowledge!   

High rent growth areas are likely to achieve positive cash flow quicker than low rent growth areas.  5 years for cash flow seems reasonable in many markets.  

@Bonnie Low so our MTRs in Dallas are actually in a suburb west of Dallas called Irving.

Paying very low property taxes.

If it was originated recently an option would be to have them refinance it - but if it’s a low interest rate then they will most likely want to keep itWhat does your operating agreement say about this?

Look for areas with job growth, rising populations, and low vacancy rates.

Some lenders will be as low as 1.00 DSCR but many will be higher, say 1.15 or 1.25 DSCR to qualify.If you are looking at institutional lending, then the collateral becomes the prominent part of the puzzle.