Do the math.

Quick math would let you know if this is better for you long term once you turn this property into a rental for the FHA rate + PMI vs a conventional loan with a higher rate. 

In that case, you would need liquid assets of at least $9,000 to secure a mortgage.Calculating How Much You Need to Begin Investing in Real EstateLet’s do the math to calculate how much money you would need to buy a residential rental property as an investment.

A lot of out of state investors reap the upside potential of the Nashville market (and protect themselves from some of the downside) by investing in the high-growth (yet moderately priced) secondary markets near Nashville (i.e.

Secondary markets are favorable for beginners.

I'm not interested in fannie/freddie secondary market loans as they're a totally different animal.

Monopoly is the one I'd think of, but even sitting down with them and making your own game where they learn basic finances and budgeting (and how to do math) will put them ahead of most people. 

Whether it’s for primary, secondary, or investment use, the buyer still has to qualify with the lender based on their own financials, and that’s where the real hurdle can in.

Let’s do some simple math…If you buy a $300k house, charge $1,900 in rent, and have a 35% expense ratio, you’re at a 4.94% cap.

Simple math. it was not stating anything with regard to income necessary.