With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Good Morning,I am a former Claims Specialist with the Social Security Administration and currently unemployed homeowner who is looking for guidance on how to gain property management experience here in the Central Coast of California.My wife is the only one working at the moment, so times are tough to say the least.We're looking to rent out a portion of our home in order to save up enough money to purchase our second home (or multi-family unit), rent that out, and begin to expand our portfolio. 

This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up. 

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

They claim to charge in the "high 4 figures" - one web source says it's $4800 - to join their group and get access to their network and resources.  

An attorney is not needed provided your not making a claim of fraud or misconduct/damages are being sought. 

And of course, take advantage of the tax benefits along side my current business income.Viability of the idea?

Avoid basing it on uncontrollable factors like taxes or insurance.

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH?