The first was the units were too small to be able to raise the rents significantly enough to cover the mortgage anywhere near the list price.

The parents owe roughly $40k on the mortgage. 5.

For smaller investment amounts, we often see investors providing private loans or notes to other investors for their projects, which can offer attractive returns with the right due diligence.

What is your primary reason for wanting to pay off the mortgage? 

Goal is cashflow or at least covering a substantial portion of the mortgage. 

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.

Reach out to a commercial mortgage broker. 

The only figure I can’t determine is the monthly mortgage because interests fluctuate and the down payment.

By purchasing a multi-unit property, living in one unit, and renting out the others, you can cover your mortgage payments and start building equity while gaining rental income.

I am starting to realize there has been a significant amount of consolidation in the space by private equity and other institutional investors. 3) From research it also seems like getting financing can be difficult without prior experience in the space.