The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

You love the house and there is a likely opportunity that you may be moving back to the Austin area.  

Then the lender would say that house is worth X% of the loan.

This is how a lot of people lost houses in the GFC.Only get in this loan if the property cashflows at the 6.5% interest.

Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

And not knowing their numbers also makes it next to impossible to know if you have a bad PM that's eating into your cash flow as well (Like Vacasa charging $800-1000 a month for elecrtic on a 4/3, 2000sqft house with a pool). 

They are trying to rent a house they do not own. 

The main house will be house hacked for the first year and will turn into a co-living.   

Quote from @Edward James smith: Hello, I currently own a single family house with an ADU, and a duplex.