Out of curiosity what would be the start up investment for a duplex rental property in Kansas.

Out of curiosity did you make the other adult complete a rental application after they moved into the property without your knowledge? 

Instead with the HELOC, the funds just sat there accruing no interest until we were ready to close on the place we ended up buying.

I have to admit I was skeptical about the possibility of looking at a completely different industry; however, the curiosity and interest of becoming involved in REI just keeps coming up, nagging to try!

You might want to look into a bank statement program but the terms will be higher than FHA or Conventional.Out of curiosity what is the minimum income required in order to qualify for FHA and/or conventional financing?

Interest accrued on a HELOC and fixed rate mortgage is calculated the same and is based on the outstanding balance and interest rate.

Depending on your state, you need to know the date the deposit was received to accurately calculate accrued interest.

What apartment complex are you buying, just out of curiosity I live in the neighborhood.

But out of curiosity, I glanced at some single family homes and found several of them that had mother in law suites (private entrance, bathroom, kitchen, etc.).

So, having never been a homeowner before, I'm wondering aside from the down payment, what are the other costs accrued in the home buying process?