Quote from @Benjamin Finney: Chris, interesting niche on non-performing mortgages/ rtl's.

We owe $154k on the property and the interest rate is 4.25%, the monthly mortgage is $1050 with taxes and insurance.

(Unlike mortgages.)

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

@Charles EvansFrom my experience, having rental income of $1,400 to offset a $2,600 mortgage, leaving you with a $1,200 payment, is a manageable setup with an income-to-mortgage ratio of 28.5%.

One of the biggest challenges of investing in Rustbelt cities is knowing where to invest and properly understanding the cooresponding pros & cons.Here's copy & paste advice we share to help to address this challenge:-------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

No mortgage on it.

I currently have 20 mortgages right now.  

Make sure you have properly served the notice and you have "Proof of Service" properly filled out. 

Trump doesn't control them, but he's going to try everything he can to bring mortgage rates down.