Remember, your income will go up by the amount you can rent your primary out for, so it shouldn't matter if your overall mortgage goes up, right?

Seems construction costs and build times are up right now so development might not be the best return.However, if you can create enough cash-flow on a developed property, then go for it.If you could subdivide, it might worth building and selling one unit to finance the other(s).Otherwise, a plain, empty lot that can't be subdivided might only be worth building a primary residence you could later sell or keep as a rental.

Yes it’s so hyped up right now.

@Troy Bailey I'm going to look that up right now.

Well maybe with the tenant already being this far into the program you want have to wait much longer because I know all landlords are struggling right now because of the way the government has evictions set up right now put landlords in a bad spot the pandemic was out to help every other small buisness in the world and the poor ol landlords got the short end of the stick on that deal but thank God programs like this one will atleast get you somewhat out of the hole with some of your tenants cause I know me myself if it wasn't for a program like this I would have had to move and would have left oweing my landlord money and I would have hated that and I would have left alot sooner cause my landlord has been amazing even before the pandemic so I couldn't see doing anything to hurt him are cause him a setback because I was going to leave on the front end of this deal and he was the one that asked me to stay and said we would make it through it and he would get back the majority of his money and Susan you sound like one of those landlords to even know at the time landlords were throwed a curve ball some of yall good ones with heart still hung in there with what was right by your heart and feelings because we was put into lockdown and couldn't work we wasn't behind on rent because we was drunk all weekend and couldn't make it to work on Monday morning we as tenants was actually throwed a curve ball to and its a blessing to have people like you out here Susan that is about what's right before its about a dollar and everyone needs that dollar to cause landlords have bills to and people just like us but some of yall shine and Susan one of those that shine and I pray everyday we could have some Susan's in this world because when life throwed landlords the curve ball yall didn't know anything about this program and that's when the real hearts got to shine and that's why you will be paid back as much as can be allowed because somebody works in mysterious ways.

It takes some work to set things up right, but we figured it out using Stessa's guides and common sense. 

Hey MarkSince April this year when the Fannie Mae lender letter came out restricting correspondent investor portfolios to 7% of their total portfolio, lenders have increased rates to stem the flow of investor loans, but DSCR lenders have held fast on pricing (or even improved it) creating an odd scenario where a loan with significantly less documentation is priced as good or better than one backed by a GSE.You can do the DSCR loans either in your LLC or not.FoAC is really backed up right now, but there are others that are not with similar or better pricing.Get yourself a good mortgage broker that does these loans and they can point you in the right direction.Stephanie 

Historically appreciation and rent increases weren't great, but it seems things are catching up right now.

That said, it's certainly enjoyable when you set it up right to do it the way we did it since we got to enjoy living in a nice single family home on a large lot with relatively light foot prints from the travel nurses - they are out working most of the time.

I like AZ as well, Phoenix is blowing up right now.