I pay one of my parents cash for room and board, I do not have student loans, have been driving the same car (has been listed under one of my parents since I was 16) and I am saving for my first househack.I am starting to prepare my financials to show a lender and hopefully get some answers this week regarding pre qualification, but decided to run my DTI calculation today just out of curiosity.

Option Two:$2.3M Selling price$299K down (13%)Balance of $2M at a fixed interest rate of 3% w a 30 year amort. and a 5 yr. call($8,436/mo payment plus T&I)My initial curiosities are:-Out of the two options, which one makes more sense?

I'm pretty aggressive with my investing between stocks and real estate and have enough constant w2 and passive income that even if everything goes sideways I won't have a problem paying off the balloon payment before it starts accruing interest.  

Your response led me to Googling the difference between NWROI (Net Worth Return on Investment) and Cash on cash and it yielded the following distinction: "Cash on cash return measures how much cash an investment property will actually generate, whereas ROI measures total wealth buildup"So my takeaway is maintaining a positive cash on cash return over prioritizing concern for ROI in order to accrue enough funds to put a down payment on a non-FHA loan for the second property

The note is accruing interest at 8.5% and has about 3 years before the statute of limitations will require legal action to be filed. 

I know its not really a proper answer for your situation, but more a curiosity with the covid bs going on.   

Set outs and payments are only delayed until January, and at that time the tenants will owe all the back rent that accrued through the time they are set out by the local sheriff.

I also have a friend that works in Abu Dhabi, and he made it sound like getting loans is much easier in the Emirates than the US.Best of luck, and I'm going to follow this thread out of pure curiosity.

Long story short, she took notice of my curiosity and suggested I read Rich Dad Poor Dad.. so low and behold here I am today.

Out of curiosity, how is the overall terrain around your neighborhood (very flat, hilly, etc)?