The rents are on the lower side, but I am also not looking to raise them significantly as the best thing about these properties IMO are the very long-term tenants.When I do the math, I'd have a lower monthly payment and pay less interest over time even at that premium price versus a lower price and lower rates in the next year or so, but I likely wouldn't be able to sell any of the properties at that value for quite a while.Is there anything I should be thinking about that I am not?

The HELOC has a 8.5-9.0% rate on it, so we'll do the math on the penalties for dipping into the 401K for the down payment vs the HELOC>

This protects you in the deal if the home appraisal is low or a home inspection finds major issues with the property.Have your finances in order with either a pre-approval letter or cash to buy the home. Work

For quick math one month vacancy is almost 2k lost income, re-leasing expenses 2k and there are always at least 2k worth of work (sometimes just upgrades we choose to do).

I am considering renting it out, but the math is not adding up.

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

I'll DM you. not sure of your math there  if the loan pays off in 5 months the return apr wise is quite a bit higher

I did a lot of homework on all the programs out there just like you are now.

For now, there's nothing wrong with doing your homework but focus more of your time and energy on finding a quality property to purchase.

Now I am still getting 15- 25% nets, MATH is the only thing that mattersAll the best