The insurance and taxes are tied into into the mortgage payment I was able to get the house for 3.5% so I have to pay pmi which is why the mortgage is higher I’m trying to figure out a way for it to be profitable 

Alternately for the persistant ones I just keep the line open, meaning tie their people up by just putting the phone on the counter and let them talk.I am surprized they are not labeled as potential spam on your phone expecially with the sequential numbers. 

It’s also helpful to find an area with good property management options so you’re not tied down to the daily grind of managing bookings and guests.When you’re looking at potential properties, make sure to really crunch the numbers.

It sounds like you starting on a much stronger footing than many syndicators were when they got started.  

I’m particularly interested in off-market opportunities and would appreciate working with someone who knows the area well.The purchase will be under my name, but I’d love to take advantage of any benefits tied to my daughter’s first-time buyer status, especially considering her limited credit and assets.

Too much money is tied up in the property at present but I will get it back as soon as rates begin falling.

I've too often seen an out of area investor get tied up financially with trusting a whole-salers or seller's description or promise of return / ARV.

In any case, you need to get the deal into contract and tie it up with the seller.  

Since the money is still tied to your rental business (paying off another rental), the interest on the new loan would usually be deductible as a rental expense.

With all that being said, you can still pay a 30 year mortgage off in 15 years, not be tied behind a higher payment, and still keep your debt to income ratio fluid.