Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947.

Currently, I have about $20K left on mortgage and estimate value is$175K.

Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents). 

If you have a self directed account and invest pre-tax money into illiquid assets like syndication or mortgage notes they will come in at a value of less than the principal.

Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.

We invest in some deals because they meet our Hurdle Rate/Return on Investment objectives. 

@Eli Fazzo The 6% rate is a bit of a misnomer. 

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

@Adedotun Kembi Most lenders will only lend a total of 65-75% on a rental and at much higher interest rates due to the higher risk.