When they have $400 they can buy 1% of the home.

Think from a bank's perspective.A owner-occupied 30 year mortgage is at risk of the borrower losing their income becoming disabled, any number of personal crises.A rental home 30 year mortgage is at risk of the same issues, but you can boot the tenant and find a new one -- thus resolving the issue.I'd argue that rental mortgages are far less risky than conventional mortgages, and the fact is a conventional mortgage is ensured by the federal government "ironclad" so the fact that the pricing is the same when a rental mortgage doesn't have that federal backing really speaks volumes.Let's fund one!

I'm not sure of your original question either. 

This is my first property so I am hesitatant to see the condition of the wood with all of the aluminum pulled off.

Because the Property Class dictates the Class of the tenant pool that the property will attract.

I want to diversify and I feel like the best way to accomplish that is through real estate.

That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

Two of the houses are financed at 4.25% interest for 10 years then variable for 20 years. 

It’s great for showing hundreds of forum posts which my phone doesn’t do such a good job of showing as many posts through the website.

Take care of the hard job first.