My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.

Charge the tenants a higher rent rate and include utilities with their rent.

Don’t chase rates.  

It is going to be near impossible to cash flow on a property with 100% financing, especially if that partners rates are above conventional rates.

Higher interest rates on conventional loans may result, as the government backing currently helps keep rates low.

Charge the tenants a higher rent rate and include utilities with their rent.

Elite’s rates are a little higher but they sound MUCH more flexible.

Plus, that is the cheapest that money will ever be for you.  2.65% interest rate? 

If you aren’t saving the money up to buy another property chances are nothing will pay a higher rate than paying it towards your mortgage.

They are short term loans, usually 6-12 months, high rate, interest only payments.