Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

It's short sighted because it sounds like there is a high likelihood this current tenant will pay. 5.

View report*This link comes directly from our calculators, based on information input by the member who posted.I’m considering purchasing two investment condos to help pay for my children’s college tuition in 13 to 15 years.

And make sure you underwrite for true markets rents, not just what Section 8 may be willing to pay.

Why pay off a low rate interest.

Good paying jobs but no score at all!

Rent probably around 1400-1500/month depending on finishes and exact location.The number simply don't work well in Huntsville right now.

Quote from @Jerome Morelos: I used a fixed rate second to finance the ADU, paying about $475/month for it.

Once you fix it up, you could refinance to pay off the HML.If you do it right, you should have enough sweat & forced equity to have 10-20% equity for the refinance.

Hi Devin, Have you ever considered that instead of America needing smaller homes that are more affordable, that America needs more higher paying jobs so that people can live the actual American dream versus having to settle for less and less and less (Has George Carlin pointed out in his classic speech about this).