You must have deep pockets, already be financially well off, and be prepared to supplement tenant rent payments for a possible pay off some time down the road.

I am curious to know if any of these are a write off versus depreciable:203 (K) Supplemental OriginationApplication Fees paid outside closingLender FeesProcessing Fees203 (K) Consultant Fee paid outside closing203 (K) Architectural Fee203 (K) Title Update FeeHomeowner's Insurance PremiumSurvey FeeBuyers Attorney Fee paid outside of closingTitle - Escrow Fees, Policy Update Fee, Chain of Title Fee, CPL Fee, Overnight/Express Delivery Service Fee, Email Package Fee, Tax Payment Service Fee, Yadda Yadda Yadda Fee, etc. 

One of the wall heaters has a broken ignitor button right now that needs repaired, so I have had an Edenpure electric heater in there this past month to supplement the one wall heater and of course that increased electric bill a lot.

PS: I will supplement any information that will help devise a solution :-)Michael

Your goals can range from full time investing to some passive income streams to supplement your W2 income.   3) Determine the type of investing you to narrow your focus and start the deep dive into that specific type of investing. 

Our thoughts are that she could transfer/gift them to me to take over and I would in turn split the cash flow with her to supplement her retirement income.

However, IF your goal was just to make some money in Real Estate to better your position in life, or supplement your job income, then selling might make the most sense to give you a good savings cushion.  

Maybe have the UW and said LO have their Credit Vendor call that lender to do a credit supplement?

The struggle is that in the rising rate environment, if you want to recast a mortgage, someone might go from maybe around 3%, to a rate of 6% or more, and they really wouldn't see any reduction in their monthly payment," said Peter Idziak, senior associate, Polunsky Beitel Green.The draft concept appears to provide a mechanism through which the mortgage can stay at its original rate and the payment can be supplemented by a second lien loan that's applied to monthly principal for three to five years, after it absorbs any arrearages.

If yes, flipping is a good plan if you are open to getting into some construction.Are you looking to just generate some cash flow to supplement your other income and maybe trade up properties every couple of years?